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.
Wish to subscribe or unsubscribe? Let me know.
Close: Mongolia Related ASX Listed Companies, May 16, 2011 | | |||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.051 | -0.004 | 0.051 | 0.054 | 0.055 | 0.055 | 0.051 | 4,486,818 | |
1.475 | -0.125 | 1.465 | 1.500 | 1.590 | 1.600 | 1.475 | 511,801 | |
0.325 | -0.025 | 0.325 | 0.340 | 0.330 | 0.330 | 0.310 | 425,572 | |
0.720 | -0.070 | 0.715 | 0.720 | 0.750 | 0.755 | 0.710 | 2,673,906 | |
0.016 | 0.000 | 0.018 | 0.017 | 0.000 | 0.000 | 0.000 | 0 | |
0.007 | 0.001 | 0.006 | 0.007 | 0.007 | 0.007 | 0.007 | 1,012,545 | |
0.054 | -0.005 | 0.054 | 0.057 | 0.058 | 0.058 | 0.054 | 3,013,055 | |
0.180 | 0.000 | 0.175 | 0.180 | 0.185 | 0.185 | 0.170 | 346,960 | |
1.115 | -0.185 | 1.100 | 1.125 | 1.290 | 1.290 | 1.110 | 3,193,321 | |
0.265 | 0.000 | 0.260 | 0.270 | 0.265 | 0.265 | 0.265 | 860,477 | |
0.500 | 0.050 | 0.450 | 0.500 | 0.500 | 0.500 | 0.500 | 5,000 | |
0.510 | -0.010 | 0.500 | 0.510 | 0.520 | 0.520 | 0.500 | 378,641 | |
23.550 | 0.680 | 23.550 | 23.560 | 22.650 | 23.980 | 22.570 | 1,727,234 | |
79.060 | -1.090 | 79.060 | 79.100 | 79.100 | 79.450 | 78.830 | 2,425,311 | |
43.520 | -0.800 | 43.510 | 43.530 | 43.500 | 43.800 | 43.420 | 10,727,261 | |
Source: asx.com.au
Petro Matad says finds hydrocarbons at Mongolian well
* Says initial analysis at DT-4 well shows at least 6m of net pay
* Says deeper regions of reservoir indicated presence of hydrocarbons
May 16 (Reuters) - Mongolia-focused oil explorer Petro Matad said it found hydrocarbons at one of its wells in Eastern Mongolia, almost a year after it discovered oil at the first well it drilled in the region.
The explorer said initial analysis at its Davsan-Tolgoi-4 (DT-4) well pointed to an oil interval containing a minimum of 6 metres of net pay -- the zone of a reservoir that contains economically producible oil.
Petro Matad said the deeper regions of the reservoir also exhibited the presence of hydrocarbons and further analysis was being carried out at the site.
Last month, the company restarted drilling at the DT-4 well, after it was shut down due to harsh winter conditions.
Last July, Petro Matad had said analysis carried out on the drilling results of its Davsan-Tolgoi-1 (DT-1) exploration well confirmed that oil was present. [ID:nLDE66T1FF]
The company's DT-4 well is the fourth well of its drilling campaign. The rig will now be moved to drill its fifth well, Petro Matad said.
The explorer's shares, which have risen 42 percent since the year began, were down 1.7 percent at 169 pence at 1241 GMT on the London Stock Exchange, with the oil and gas sector coming under pressure due to a fall in oil prices.
Mongolia resumes trucking coal to China -MMC
BEIJING May 16 (Reuters) - Mongolia has reopened the road used for trucking coking coal to China from the coal-rich South Gobi desert, Hong Kong-listed Mongolian Mining Corporation (0975.HK) said in a statement on Monday.
The South Gobi is the location of the Tavan Tolgoi property, one of the world's biggest coal deposits. Mongolia has yet to build railway infrastructure in the region, and exporters continue to depend on trucks.
Mongolian Mining Corp said it had improved safety conditions on the road, meeting the demands of Mongolian officials, who lifted the trucking suspension on May 14. The company said it aimed to finish building a paved road by August.
Mongolia halted deliveries from the South Gobi on April 20 in a tit-for-tat move after China had technical problems with registering vehicles at the border, the chairman of the Mongolian Mining Club told Reuters at the time. [ID:nL3E7FK0LO]
The company did not say what impact the trucking ban had had on the coal trade, although when the suspension was imposed, it said it had two weeks' worth of stockpiles that could keep customers supplied while the road was closed.
In the past two years Mongolia has rapidly increased its exports of coking coal, which is used by Chinese steelmakers, massively undercutting the more expensive Australian supplies to become China's biggest supplier of the commodity.
SouthGobi CEO: Ready for Slowing Chinese Coal Demand
May 13 (CNBC) China’s slowing growth in industrial output will not lead to softening demand for coal, according to Alexander Molyneux, CEO of China-focused coal miner SouthGobi Resources. But the company is nonetheless prepared for a demand pull back and has been cautious in its estimates.
“We actually project a roughly 7 percent increase in China's coking coal needs every year, which for the last decade has been running at 12 percent,” Molyneux told CNBC on Friday. “So in our whole business model, we are considering a slower growth outlook for China and for industrial production. But they don't have enough good quality coking coal resources left to meet whatever growth they have.”
SouthGobi sells metallurgical and thermal coal to customers in China, and owns the Ovoot Tolgoi Mine and two development projects in Mongolia. The company on Thursday posted a first-quarter net loss of $46.6 million despite a 44.8 percent jump in revenue, which Molyneux says was due to accounting rules, rather than operational causes.
“The bulk of our losses comes from a technical loss. We have a convertible debenture as part of our financing structure, and every quarter we have to mark to market that under its natural accounting rules,” he said.
The company’s focus on provinces with double-digit gross domestic product growth like Jiangshu and Xinjiang, will continue to be a key driver of profits, says Molyneux.
He brushed off concerns about the impact of fuel shortages in Russia, following the country’s recent move to curb fuel exports. Earlier this week, Southgobi announced that it had to secure alternative fuel sources after its supplier claimed force majeure due to the limits on exports.
“We were lucky in that we immediately went to secure alternative fuel supplies so we had 45 days continuous mining fuel supply. Most people carry about 2 weeks, we are now at 45 days,” he said. Fuel makes up about 25 percent of SouthGobi's costs.
“I think we are pretty good shape to see this crisis (through),” he added.
NAR: Announcement
The Board wishes to clarify certain information contained in the Articles.
May 16, North Asia Resources Holdings Limited (HK:61) --
The board (the “Board”) of directors (the “Directors”) of North Asia Resources Holdings Limited (the “Company”) noted that certain recent press articles (the “Articles”) reported that Mr. Tse Michael Nam (“Mr. Tse”), an executive Director, mentioned that the Company will turn from loss to profit making this year and that the iron business will commence sale in June this year with production of 600,000 tonnes in phase one and one million tonnes in phase two next year (the “Production Capacity”).
The Board wishes to clarify that, Mr. Tse stated that he hopes that the Company will be able to generate some profits this year and not “will turn from loss to profit making”. The Board also wishes to clarify that the Production Capacity as reported in the Articles was based on his personal experience and expectation and were not as projected by the Company as these figures have not been verified by technical professionals. As such, the Company considers that the statements in the Articles may or may not be correct.
To the best of the Directors’ knowledge, information and belief, there is no other information relevant to the Articles that should be brought to the attention of the Stock Exchange of Hong Kong Limited and/or the shareholders of the Company.
Manas: Financial and Operations Update for the Three Month Period Ended March 31, 2011
BAAR, SWITZERLAND--(Marketwire - May 16, 2011) - Manas Petroleum Corp. ("Manas") (TSX-V: MNP) (OTCBB: MNAP) is pleased to report that it has filed on EDGAR and on SEDAR its quarterly report on Form 10-Q for the first quarter of 2011. The complete document can be viewed at either www.sedar.com or www.sec.gov.
Results of Operations
Net loss for the three-month period ended March 31, 2011 was $9,876,323 as compared to net income of $83,011,315 for the same period in 2010. This is a decrease of $92,887,638 and is mainly related to our investment in Petromanas. For the three months period ended March 31, 2011, we recorded a decrease in fair value of investment in associate of $8,620,257. In the three month period ended March 31, 2010 we recorded an initial gain from sale of subsidiary (Manas Adriatic) of $57,850,918 and a subsequent increase in fair value of investment in associate (Petromanas) of $28,812,901. Operating Expenses for the three-month period ended March 31, 2011 decreased to $1,222,370 from $3,241,960 reported for the same period in 2010. This decrease of 62% or $2,019,590 in our total operating expenses is mainly attributable to lower stock-based compensation expenses in personnel costs and consulting fees.
Liquidity and Capital Resources
Our cash balance as of March 31, 2011 was $399,931. Our total current assets as of March 31, 2011 amounted to $774,699 and total current liabilities were $608,409 resulting in net working capital of $166,290.
Of the 200,000,000 common shares of Petromanas held by us, 40,000,000 were freely tradable as of March 31, 2011. The market value of these freely tradable shares was approximately $13,780,000.
Shareholders' equity as of March 31, 2011 was $64,487,643.
On May 6, 2011, we completed a public offering of units pursuant to a long form prospectus filed in all of the Provinces of Canada except Quebec and a registration statement on Form S-1 filed with the Securities and Exchange Commission in the United States. In the offering, we sold a total of 44,450,500 units at a price of $0.50 per unit for aggregate gross proceeds of $22,225,250. Each unit consisted of one share of common stock in the capital of our company and one common share purchase warrant, and each warrant entitles the purchaser to purchase one additional common share until May 6, 2014 at a purchase price of $0.70 per share.
Also on May 6, 2011, shares of our common stock and all of the unit warrants sold in the public offering were listed on the TSX Venture Stock Exchange.
Recent Developments
Mongolia
On November 10, 2010, we announced the completion of the 2010 seismic acquisition program for blocks XIII and XIV without incident. We intend to use the additional 300 km of 2D seismic data to improve our technical database and our chance of drilling a successful exploration well. After interpretation of the full dataset, we intend to decide regarding additional seismic to be acquired in 2011; drilling for the first well is planned for the first half of 2012.
…
MPP council rejects demand for resignation of D.Zorigt
May 16 (news.mn) The Managing Council of the MPP has concluded after a meeting that there is no reason to support some DP MPs’ demand for the resignation of D.Zorigt, the Minister of Mineral Resources and Energy. The council feels, contrary to arguments put forward by those MPs, that the Minister played an important role in finalizing the successful Oyutolgoi investment agreement and also that he has no individual responsibility for the unavoidable delay in reaching a decision on the Tavantolgoi deposit.
The council has forwarded its feelings to the MPP group in Parliament.
Majority in DP group against demand for Zorigt’s resignation
May 12 (news.mn) The DP group in Parliament yesterday held a special meeting to discuss the demand for the resignation of Minister for Mineral Resources and Energy D.Zorigt submitted to Speaker D.Demberel by three of its members, S.Erdene, D.Gankhuyag and G.Bayarsaikhan. The majority of members did not favor the demand. The Standing Committee on the Economy will now discuss the issue.
ABOUT RATINGS OF POLITICAL PARTIES AND POLITICIANS
May 16, Ulaanbaatar, Mongolia, /MONTSAME/ A "Sant Maral" sociology center has announced results of its nationwide survey on ratings of the political parties.
It has been revealed, that the rating of the Mongolian People's Party (MPP) is lower than that of the Democratic Party (DP) in both localities and the city going to the second place after the DP whose high rating was kept until April of this year since the 2008 election. Ratings of the Civil Will party and the Green party have increased after their unification going to the third place.
Ratings of top politicians have shown interesting changes. S.Ganbaatar, a president of Mongolia's Trade Unions (MTU) has entered the top ten following the current President Ts.Elbegdorj and a former president N.Enkhbayar in the city. In localities, S.Ganbaatar has followed Ts.Elbegdorj, N.Enkhbayar, the Premier S.Batbold, and a Parliament Vice Speaker G.Batkhuu. After them goes a chairman of the Civil Will-Green Party D.Enkhbat.
Link to Sant Maral Polit Barometer April 2011 Survey
Development Bank of Mongolia Inaugurated
May 13 (UB Post) The Development Bank of Mongolia has been inaugurated on May 12th, with a mandate to do policy loans in areas that include infrastructure, industry, energy and roads.
“The contribution, expectations and responsibility of the Development Bank in the country’s economy are absolutely high” said Prime Minister of Mongolia S. Batbold at the state-owned bank’s inauguration.
“The Development Bank must be an uplifting power to the development of the country, he stressed.
“With the launch of the Development Bank we hope the investment system will be modernized,” said Mr. Khashchuluun, chairman of the National Development and Innovation Committee.
Mongolia plans to issue its first sovereign bonds this month, marking a milestone for capital markets in this resource-rich democracy. The newly created Development Bank of Mongolia will issue $700m in sovereign bonds to fund lending programs, said Ch.Khashchuluun
Mr. Khashchuluun said the issuing of the bonds would take place in phases beginning this month, with the first slice likely to be $100m.
The bond will be in tugrik, the Mongolian currency, which was appreciated by 1.6 per cent against the dollar since January.
Government revenues from the mining sector are set to jump next year as the Oyu-Tolgoi copper and gold mine comes online, and politicians in Ulaanbaatar are looking for ways to manage the coming influx into state coffers.
The Development Bank is being set up with training from the Korean Development Bank and the Development Bank of Japan. Two bankers in Ulaanbaatar voiced skepticism about the timing of the bond issue, which has been under discussion for several months.
He added that yields on the bonds could be quite low, perhaps 6-8 per cent.
The Development Bank may be the first Mongolian entity to issue bonds with sovereign guarantees, but it is not the only one. Politicians in Ulaanbaatar have talked about issuing bonds to support a variety of industries, including a cashmere subsidy fund.
Mongolian sovereign debt has a B1 non-investment grade rating from Moody’s, the credit rating agency. “Mongolia’s rating has been constrained by susceptibility to destabilizing boom-bust cycles,” noted Moody’s in its annual report on the country.
STOCK EXCHANGE WEEKLY REVIEW
May 15, Ulaanbaatar, Mongolia, /MONTSAME/ Five stock trades were held at Mongolia's Stock Exchange on May 5-13. In overall, 450.6 thousand shares were sold of 59 joint-stock companies totaling MNT 450.4 million.
Index TOP-20 was 20408.12 points increasing 117.07 units or 0.6% against the week earlier.
The total market capitalization was set at MNT two trillion and 11.9 billion increasing MNT 10.6 billion or 0.5%.
Shares of "Mongol savkhi" /34.9%/, "Juulchin gobi" /32.2%/, and "Sodot" /32.1%/ increased, but shares of "Monnoos" /26.7%/, "Guril tejeel bulgan" /22.6%/, and "Darkhan nekhii" /22.2%/ decreased.
31 stocks closed higher, 22 shares declined and six shares remained unchanged.
Shares of "Khokh gan" /229.5 thousand/, "Hermes center" /78.5 thousand units/ and "Genco tour bureau" /35.2 thousand units/ were the most actively traded in terms of trading volume and in terms of trading value--"Sharyn gol" (MNT 81.2 million), "Aduunchuluun" (MNT 74.1 million), and "Tavan tolgoi" (62.3 million).
Export to rise by 49% in 2012
May 12 (news.mn) The National Development and Innovation Committee (NDIC) estimates that foreign trade turnover will increase by 24% between 2012 and 2014, with large mining projects starting to work. The balance of trade will show a surplus of USD0.4 billion in 2012, USD1.8 billion in 2013 and USD2.2 billion in 2014.
Exports will increase by 49% in 2012, 32% in 2013 and 18% in 2014 along mining projects implementation. Import will increase by 30% in both 2011 and 2012, because of the need to bring in mining machinery and equipment, but will fall in 2013 and 2014. But import of fuel and petroleum would be increased in 2013 and 2014.
ANA and Eznis Airways sign Strategic Cooperation Agreement
May 12 (ftnnews.com) All Nippon Airways and Eznis Airways announced that the two airlines have signed a Strategic Cooperation Agreement.
Keisuke Okada, ANA Executive Vice President, Alliances and International Affairs and Tserenpuntsag Boldbaatar, Chairman of Newcom Group, parent company of Eznis Airways, met in Ulanbaatar yesterday to sign the Strategic Cooperation Agreement.
The airlines have agreed to explore bilateral cooperation in a broad range of areas such as management, operations, and charter flight services between Mongolia and Japan to aid the long term development of air transportation between two countries and beyond.
The airlines will now start discussing further details of the partnership but the cooperation will benefit customers of both countries by providing them with greater choice and flexibility.
Keisuke Okada, ANA’s Executive Vice President, said, “I believe that the strategic partnership between our two companies will allow the aviation industry to play its role in the development of the Mongolia-Japan relationship. The nature of our long term partnership will also significantly allow ANA to maintain our competitive advantage in the Asian market.”
Munkhsukh Sukhbaatar, Eznis CEO, said: “I am very excited about the changes and progress we will be able to make following this partnership. Furthermore our partnership will create fantastic opportunities for other sectors of Mongolia’s economy.”
The Government Reduces Diesel Fuel Tax by MNT200, 000 per Tonne
May 13 (UB Post) The Cabinet has decided to impose an excise tax of MNT10 only for diesel fuel imported from Russia through border checkpoints of Sukhbaatar, Zamin-Uud, Ereentsav and Altanbulag.
The excise tax rate for diesel fuel, which was MNT210, 000 per ton before the Government decision, which is in effect beginning from May 9th, goes down by MNT200,000.
The decision was made due to the fact that the country will have to purchase diesel fuel from Russian TNK Company at the price higher than that of Rosneft Company, which decided to cut its diesel export to Mongolia.
As for tax rates for other petroleum, excise tax per ton of AI-80 petroleum declined by MNT30 from MNT140,000 to MNT110,000. The rate for per ton of AI-92 petroleum goes down from MNT230,000 to 170,000.
The Mongolian government’s decision is due to increase in the price of oil products supplied by Russia’s Rosneft for April. In particular, price of А-80 petroleum jumped by US$56 per ton, the AI-92 petroleum by US$61 and diesel fuel price by US$35, respectively.
Excise tax for all types of petroleum imported through other border checkpoints will remain unchanged.
The Government also discussed current state of demand and supply of oil products in the country, as the country suffers a shortage of diesel fuel in recent days.
Oil product trading companies reported that Mongolia has petroleum reserve for 19 days as of May 5th, 2011, reported the Minerals and Energy Minister D. Zorigt, of which 22 days reserve of A-80 fuel, 26 days reserve of AI-92 fuel and 11 days reserve of diesel fuel.
After hearing reports from competent officials, the Cabinet gave an order to ministers of minerals and finance to hold talks with competent officials in Russia, to normalize the volume of fuel supply as soon as possible.
CHINESE COMPANY BIDS ON THE ULAANBAATAR METRO SYSTEM.
AS ULAANBAATAR GETS READY TO COMMISSION ITS FIRST SUBWAY SYSTEM, WHO WILL GET TO BUILD IT?
THE BIGGEST METRO AND RAILWAY PRODUCER OF CHINA WOULD LIKE TO WORK IN THE MONGOLIAN PUBLIC TRANSPORTATION SECTOR.
May 11 (M.A.D., source: gogo.mn) The Vice president of the CSR Corporation, Mr. Zhang Jun has talked about increased co-operation on meeting with the first vice Governor of Ulaanbaataar city, Mr B. Baatarzorig yesterday.
Last year, the CSR Corporation was rated as the 2nd largest company within the Chinese infrastructure sector. It is a large corporation which supplies equipment to the local chinese market as well as India, Malaysia and Austria.
Recently, the USA and other European countries have started to show their interest in this company as they provide a good value for money. Mr.Zhang Jun emphasized that their corporation has produced 486km of high speed train tracks last year and successfully deployed trains on them. They have built the second fastest high speed train on earth.
GTSO Arranging Live Internet Video Feed of First Rare Earth Shipment from Beginning to Delivery
Company to Engage a Risk Management Firm with Extensive Worldwide Precious Materials Experience
May 16, SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCQB: GTSO) announced today that the company is making arrangements for a live video feed via satellite on the company’s Web site of the beginning, transit and delivery of its first shipment of rare earth ore from Mongolia to South Korea, a staunch U.S. strategic economic and military ally.
The live video feed is being established for interested viewers to see on the company’s Web site, GreenTech-Solutions.com, as well as the company’s current JV partner and acquisition candidate’s Website at RareEarthExporters.com.
Detailed logistics for the shipment are currently being scrutinized thoroughly. GTSO management believes that establishing a new reliable source and route to supply U.S. economic and military allies with rare earth supplies is a matter of national security as well as an opportunity to enhance the shareholders’ value.
“We are not waiting for 2012 or 2013 to help solve this worldwide supply crisis in rare earths,” said GTSO President and CEO John Shearer. “We are proceeding at a deliberate but quick cadence to both solve and capitalize on the current crisis conditions in the rare earth supply sector.”
GTSO is also working closely with an American-based firm to alleviate any potential variables that could possibly interfere with the establishment of dependable supply transportation routes. The company plans to identify the security firm once the first delivery has been completed.
“We are taking every possible scenario into consideration and addressing it with the best professional and experienced minds in the business,” Shearer added. “We’re not messing around—there is a lot on the line here.”
MoMo Project For Judicial And Efficient Water Management In Mongolia
May 16 (CrazyEngineers) Mongolia is a nation with extreme climatic conditions and diverse demographics. The whole of the desert country boils in the summer whereas the winter brings chilly cold conditions to the region. The humidity levels also change dramatically as we go from north to south. The arid nation has a huge area but out of the 3 million people, around 1 million of population is concentrated in the capital city of Ulaanbaatar. In such adverse conditions, it becomes a tough task for the government to provide clean potable water to all its inhabitants on a regular basis. The biggest barrier in the water distribution is the infrastructural requirement for freeze-proof water pipes over an area of 1.5 million square kilometers. The economical water management is a critical issue in this part of the world. As a result, the nomads and the villagers use natural water resources like rivers or dig up wells for getting water. However, this method cannot fulfill the needs of the growing population. The summer rains that refill these wells and rivers have become irregular in the recent years. Also, due to the global warming and the shift in the seasons, the drizzles have been replaced by torrential downpours that do not soak much into the ground and quickly run off.
Dr. Buren Scharaw from the Fraunhofer Application Center System Technology AST in Ilmenau was born in Mongolia and he believes that for providing pure drinkable water to all the regions in this country, we need to consider a lot of parameters that are interdependent and interrelated. He, along with intellectual minds from the universities of Heidelberg and Kassel, the Helmholtz Center for Environmental Research, Bauhaus University Weimar, the Leibniz Institute for Freshwater Ecology and Inland Fisheries and various private-sector enterprises is working on a project for the water resource management and distribution since 2006. This project, popularly known as MoMo is acronym for “Integrated Water Resources Management for Central Asia: Model Region Mongolia”.
For this project, the area under observation is the city of Darkhan with 0.1 million residents and the catchment region of Kharaa river. Dr. Scharaw has made a lot of trips to Mongolia. He is involved in the quality assessment of the public and private well water, measurement of the energy efficiency of pumps and checking the sewage systems. All the data collected by him on these trips is input in the special computer models designed at Fraunhofer AST. The scientists have devised a new HydroDyn water management system that can analyze the quality as well as the quantity of various water resources. It is also capable of modeling next generation water resources that distribute the water in a better way while maintaining the purity of the drinking water. There are a lot of problems faced by the current resources like leakage, presence of bacteria in drinking water, energy wastage by the pumps, etc. Scharaw and his team have created a unique software program that can determine how the water can be supplied in an economically and ecologically stable way. The engineers have also come up with a measuring system that can locate any loss of water in the pipeline due to leakages. This technology is very simple. It makes use of tiny sensors that can detect a drop in the hydraulic pressure in the pipe. This enables the maintenance engineers to quickly locate the leakage spots with a high degree of precision. Once the anomalies are detected they can be immediately repaired. They are now working on developing new test sewage plant with a number of microbes. These can be used to detect the level of contamination in the water and increase the efficiency of sewage and drainage systems. The observations can then be used in a full scale plant. This project will take a couple of years to complete. Let us hope that this experiment brings relief to the Mongolian people who do not get even this basic commodity easily.
Cashmere producers welcome Government support
May 13 (news.mn) Representatives of the Mongol Cashmere Association and the Union of Wool and Cashmere Producers issued a statement on Wednesday, welcoming the Government decision to raise MNT110 million by selling bonds and to use it to support the wool and cashmere sector.
Mongolia annually produces between 6,000 and 7,000 tons of cashmere or about 23% of the total world production. However, 80% of this is exported to China free of tax and national companies badly need state support. The proposed loans would give them the capital to buy cashmere from herders. That would help save about 6,000 jobs, and may even create 1,600 ones. Also, the companies will produce goods worth MNT250 billion and 80% of this could be exported.
Education complex to be built in Shiveetiin Khundii
May 13 (news.mn) The Ministry of Education, Culture and Science and the Administration Office of Ulaanbaatar have completed a study on constructing an education complex and developing the related infrastructure in Shiveetiin Khundii of Nalaikh district. The preliminary plan is to build a students’ living area, apartments for teachers and employees, a service complex and a building for SMEs.
The cost will be between USD400 million and USD500 million. Some of the money can be raised from selling off the present buildings of Institutes and Universities in the “A” zone of Ulaanbaatar and the rest will come from a grant from the Chinese Government and some soft loans. The construction company would be selected through a tender.
Country of the Khans
Meet modern Mongolia—a mishmash of PlayStations, yurts, heavy metal, teenage shamans, Genghis Khan toilet paper, fried meat, and ancient glory.
May 15 (Newsweek) Ulan Bator wakes to the racket of construction of new Hiltons and Shangri-Las: girders tearing through the shingly ground, cranes swaying over archipelagoes of nomads’ flat felt yurts. Old men in traditional cerulean kaftans with golden tassels, squinting through the smog, are helped over SUV-crammed roads by their children who sport black designer suits. I meet Ankaa, a sarcastic television stand-up comedian (typical joke: at 60 a Mongolian becomes wise; at 61 he dies). He wears drainpipe jeans and a fake Armani jacket, and fiddles with the latest iPhone. We are going to visit his shaman.
…
Vast Mongolian shantytown now home to quarter of country's population
More than 700,000 people, many of them ex-herders and their families, now crowd the gers sprawling north of Ulan Bator
May 15 (The Guardian) It is a supreme irony in a country once known as the land without fences. Stretching north from the capital, Ulan Bator, an endless succession of dilapidated boundary markers criss-cross away into the distance.
They demarcate a vast shantytown that sprawls for miles and is now estimated to be home to a quarter of the entire population of Mongolia.
More than 700,000 people have crowded into the area in the past two decades. Many are ex-herders and their families whose livelihoods have been destroyed by bitter winters that can last more than half the year; many more are victims of desertification caused by global warming and overgrazing; the United Nations Development Programme estimates that up to 90% of the country is now fragile dryland.
…
<Mogi & Friends Fund A/C>
+30.8% Historic, -25.5% 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.
…
Mogi
---
"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.
No comments:
Post a Comment