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Close: Mongolia Related ASX Listed Companies, June 3, 2011 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.043 | -0.002 | 0.043 | 0.044 | 0.045 | 0.045 | 0.043 | 2,141,649 | |
1.470 | 0.010 | 1.405 | 1.495 | 1.510 | 1.510 | 1.415 | 144,108 | |
0.260 | 0.005 | 0.260 | 0.270 | 0.265 | 0.265 | 0.255 | 120,370 | |
0.700 | -0.010 | 0.675 | 0.705 | 0.730 | 0.730 | 0.680 | 1,226,714 | |
0.011 | 0.001 | 0.011 | 0.012 | 0.011 | 0.012 | 0.011 | 3,936,272 | |
0.005 | 0.000 | 0.005 | 0.006 | 0.005 | 0.005 | 0.005 | 120,000 | |
0.056 | 0.001 | 0.056 | 0.057 | 0.056 | 0.058 | 0.055 | 1,876,848 | |
0.175 | 0.025 | 0.170 | 0.175 | 0.175 | 0.190 | 0.170 | 673,153 | |
1.270 | -0.040 | 1.260 | 1.275 | 1.350 | 1.350 | 1.270 | 448,989 | |
0.245 | -0.005 | 0.245 | 0.255 | 0.255 | 0.255 | 0.245 | 602,119 | |
0.500 | 0.000 | 0.350 | 0.500 | 0.000 | 0.000 | 0.000 | 0 | |
0.440 | -0.010 | 0.440 | 0.470 | 0.460 | 0.460 | 0.440 | 400,487 | |
22.170 | -0.170 | 22.140 | 22.200 | 22.440 | 22.490 | 22.040 | 682,309 | |
79.760 | -0.340 | 79.580 | 79.780 | 80.100 | 80.190 | 79.500 | 2,550,109 | |
43.230 | -0.320 | 43.200 | 43.250 | 43.650 | 43.700 | 43.090 | 9,865,862 | |
Source: asx.com.au
Parliament extends ban of granting new licenses
June 3 (news.mn) Parliament agreed today to extend to December 31, 2011 the ban on granting new mineral resources exploration licenses as proposed by President Ts.Elbegdorj. The Government plans to prepare a new law on mineral resources and wants the ban to continue until this new law is passed.
SouthGobi Resources Announces Soumber Coal Deposit Officially Registered With Government of Mongolia
HONG KONG, CHINA--(Marketwire - June 3, 2011) - SouthGobi Resources Ltd. (TSX:SGQ)(SEHK:1878) announced today that it has been notified by the Mineral Resource Authority of Mongolia (MRAM) that the company's Soumber coal deposit has been officially registered.
The registration process includes calculation of resources to Mongolian standards, review of the calculations by MRAM-appointed industry experts, and defense of the calculations before the Minerals Resource Committee. Mineral deposit registration is a prerequisite for applying for a Mining License. Under the Minerals Law of Mongolia, mining licenses are issued by MRAM. The initial term for a mining license is 30 years with an option for two 20-year extensions.
Having completed the resource registration step, SouthGobi intends to formally apply for the Soumber mining license in coming weeks.
The Soumber deposit is approximately 20 kilometres east of SouthGobi's flagship Ovoot Tolgoi operation.
Ivanhoe Energy Announces Filing of Canadian Oil and Gas Disclosure Documents and the Final Prospectus for its $50,000,000 Public Offering of Debentures
CALGARY, June 2, 2011 /CNW/ - Ivanhoe Energy Inc. ("Ivanhoe" or the "Company) (TSX: IE; NASDAQ: IVAN) announced today that it has filed Canadian oil and gas disclosure documents on forms 51-101F1, F2 and F3 for the year ended December 31, 2010 as well as the final prospectus in relation to its public offering of $50,000,000 principal amount of 5.75% convertible unsecured subordinated debentures.
The offering is expected to close on or about June 9, 2011 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals.
Link to Final Short-Form Prospectus
General Mining Corporation inks contract for drilling targeting potash in Mongolia
June 3 (Proactive Investors) General Mining Corporation (ASX: GMM) has signed a contract with a drilling contractor to target potash at the company’s wholly-owned Uvs Basin Project in Mongolia.
The drilling contractor, ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH, is German-based group of international experts in potash geology and mining.
Three to five holes will be drilled to a depth of 1,000 metres at identified targets with 2D seismic to possibly follow up on drilling.
The project comprises five granted exploration permits covering more than 2,000 square kilometres within the basin considered prospective for bedded and domal (salt diaper) potash deposits as well as for lithium and potassium brines.
Previous drilling in the northern periphery of the basin in the 1950–60s intersected shallow potash mineralisation in up to 600 metre Devonian evaporates, confirming the prospectivity for potash deposits.
General Mining has obtained all necessary approvals to commence the drill campaign sometime between July and August when a suitable drill rig becomes available to the contractor.
The project is located near the Russian border in northwest Mongolia and is near planned railway to be completed by 2015.
Potash is an essential commodity for agriculture and, according to General Mining, China is a major importer of Potash.
General Mining has a strategic alliance with Galaxy Resources (ASX: GXY) at the lithium project in Mongolia.
2010 state budget had surplus of MNT41.8 billion
June 3 (news.mn) The Auditor General’s report on Government finances in 2010 was presented to Parliament yesterday. The state budget showed a surplus of MNT41.8 billion, with revenue reaching MNT3 trillion and 122.5 billion, and expenditure totaling MNT3 trillion and 80.7 billion.
Higher copper prices in the world market were the major contributor to the surplus. The budget had been passed with an estimated deficit, raising concern among economic observers.
CONTRACT TO BE SIGNED BETWEEN GIC AND MONGOLIA OPPORTUNITIES FUND
June 3, Ulaanbaatar, Mongolia, /MONTSAME/ A contract will be signed between the Mongolia Opportunities Fund and the German Investment Corporation (GIC) in frames of a visit of a delegation headed by Peter Ammon, the State Secretary of the Federal Foreign Office of Germany to be paid June 8-11.
A ceremony of signing the contract will run June 9 in the Embassy of the Federal Republic of Germany (FRG) in Mongolia.
In accordance with the contract, the GIC will make an investment of USD 6.5 million to the Mongolia Opportunities Fund, and will cooperate with Mongolia in introducing its experiences in environment protection and social matters.
The financing for the Mongolia Opportunities Fund will be granted under a purpose to collect fixed capital for small- and middle-sized enterprisers.
Anod Bank officials return to jail
June 3 (news.mn) Three former Anod Bank officials are back in jail just a day after being released on bail.
The Chief of the Representatives Managing Council, N.Enkhtur, and two of its members, N.Davaa and E.Gur-Aranz, were released on bail on May 31, but the Ulaanbaatar Prosecutors’ Office submitted to the Judge General of Bayanzurkh district, N.Baatar, yesterday that they should not stay free until investigation into their case is concluded.
The judge agreed and overruled the previous order granting bail. The prosecutors have been given one more month to finish their work. Five police officials went to N.Davaa’s house to take him back to prison.
Agriculture goods exchange to start work on January 1
June 3 (news.mn) Parliament finally passed on Thursday the draft law on agriculture goods and raw material exchange, with approval from 37 of the 41 members present. The law comes into effect on January 1, 2012. Before that, the Government would prepare rules and regulations and make other arrangements for the exchange to start work.
The exchange will follow the law on companies, as recommended by the Standing Committee on Nature, Food and Agriculture. A Regulating Council with 13 members chosen from state organizations and NGOs will be set up, and its head would be elected every three years. The Council will report to the Government.
Pressure is on Demanding the Release Editor-in-Chief of Daily Newspaper
June 3 (UB Post) Globe International and Confederation of Mongolian Journalists demand Mr. Chuluunbaatar Dolgor, Editor-in-Chief of daily newspaper Ulaanbaatar Times, to be released on bail.
Chuluunbaatar Dolgor, 51, Editor-in-Chief of the daily newspaper Ulaanbaatar Times, was arrested on 24 March 2011 and put in Detention Center No 461. On April 7, 2011, he was indicted for allegedly “illegal privatization and serious damage of public property.” In 2008 the newspaper was privatized by the Capital City Privatization Commission and D.Chuluunbaatar was head of the management privatization team.
If found guilty he faces 15 years imprisonment under the relevant article of the Criminal Law of Mongolia.
Since the investigation by the Capital City Investigation Office, D.Chulunbaatar has consistently denied the allegations and claims innocence.
When D.Chuuluunbaatar accepted the position of editor-in-chief in 2008, the newspaper had no office because the building had been partly destroyed; the newspaper has debts of millions of MNT to the Taxation and Social Insurance Authorities and the staff have remained unpaid. He has made strenuous efforts to improve the newspaper’s financial situation.
The newspaper office was in the building of the former state printing house, near Ulaanbaatar’s central square and just left of Government House. The Mongolian media has reported that the building was privatized by Enkhbayar Nambar, the former Prime Minister, Parliamentary Speaker and President, 2000-2009.
He lost his position in the 2009 Presidential Elections.
During the investigations he has been frequently asked who was behind him. Once, investigators met him without the presence of his lawyer, when they told him, “It is better for you to say who is behind you. You are getting old and your health is deteriorating.
If you refuse to tell us who is behind you, it will be detrimental for you.”
Such police action is in violation of provisions of the Constitution of Mongolia, the Law on Criminal Procedure and the Law on Arrest and Detention of Suspects and Defendants, under which no one can be compelled to testify against him/her, and which bans unlawful action and psychological pressure.
D.Chuluunbaatar is in poor health. On April 2, 2011, staff at Shagdarsuren, a leading private hospital, concluded that he had serious health problems and needed urgent treatment to safeguard his life. On April 27, 2011, this prognosis was confirmed by a doctor at the Detention Center hospital, where he had been a patient for a week.
He and his defense lawyers have applied nine times for bail, which has consistently been denied.
On May 9, 2011, Globe International convened a press conference calling for his immediate bail. In an International Statement, we stated that his arrest was unjustified and we expressed concerns about violation of his human rights.
We consider this is in fact a deliberate and politically motivated attack on the free media. Globe International has sent letters to the Capital City Prosecutor; Mr. Dorligjav, General Prosecutor of Mongolia; Mr. Bayambadorj, Chairman of the National Human Rights Commission; and Mr. Kh.Temuujin, MP and Chairman of the Human Rights Sub-Committee of the Mongolian Parliament, asking for an investigation into these human rights violations and support for his release on bail.
The arrest of Ch.Chuluunbaatar has been one of the hot topics of the Mongolian media reports since the Globe International press conference. The Confederation of Mongolian Journalists joined the action and they also convened the press conference and issued a Statement for the immediate release on bail on May 17, 2011.
Mr. D.Chuluunbaatar is an outstanding journalist who began his journalistic career in 1987 on Mongolian Television, the only channel at that time. He has contributed greatly to the development of Mongolian journalism with popular television documentaries about those who were ‘repressed’ under communism and many other programs.
He has been a fighter for free media press and against violations of journalists’ rights. He is a respectful activist of Mongolia’s media freedom movement.
In connection with Mr. Chuluunbaatar, who is also the Vice-President of Asia Journalist Association (AJA), has been in custody for two months, the AJA and the Reporters Without Borders already have expressed great concern over his custody and issued statements raising doubts about the connection between his custody and political interest.
After the investigations into the actual situation in Mongolia with the Mongolian Journalists and Government the Asia Journalist Association confirms that this is obviously an illegal act and therefore we announce the statement below.
The Asia Journalist Association will deliver this letter of protest to all those related to Dolgor Chuluunbaatar’s illegal custody including Mongolian President Ts. Elbegdorj, Prime Minister S. Batbold and Minister of Justice and Home Affairs Ts.Nyamdorj, through the Embassy of Mongolia in Republic of Korea on June 2nd 2011.
The International Federation of Journalists (IFJ) issued a media release, calling for immediate release of Mr. Chuluunbaatar from detention and full transparency in the case being brought against him.
AJA calls for release of Mongolian journalist
June 3 (Korea Times) The Asia Journalist Association (AJA) delivered a protest letter to the Mongolian Embassy in Seoul seeking an immediate release of its Vice President Dolgor Chuluunbaatar. Chuluunbaatar, an editor-in-chief of Ulaanbaatar Times, has been accused of illegally privatizing and damaging public property and has been in government custody in Mongolia since March 24.
Representatives of AJA’s Korean bureau paid a visit to the Mongolian Embassy on Thursday, delivering the complaint letter to the Mongolian Ambassador to Korea Gerel Dorgipalam. The letter is to be delivered to the Mongolian president and prime minister.
“We have asked 10 Mongolian reporters about Chuluunbaatar’s whereabouts and have confirmed that he is being illegally incarcerated. We hope that our message is delivered to the Mongolian president and those concerned,” said Lee Sang-ki, the founding president of AJA, Thursday.
The Mongolian ambassador thanked the visiting party for taking an interest in the matters of a Mongolian citizen and promised to deliver the letter to the Mongolian president.
Chuluunbaatar has pleaded not guilty to the charges lodged against him on April 7 but has not yet received an open and fair court hearing. His defense counsels have asked continuously for Chuluunbaatar’s bail but none of their requests have been accepted. Doctors have also asked for his release claiming that Chuluunbaatar is in poor health and needs urgent medical treatment but their claims have also been rejected.
The Confederation of Mongolian Journalists contends that the charges against Chuluunbaatar are politically motivated. Organizations such as Reporters Without Borders and Globe International have also made similar claims through a statement.
Dolgor Chuluunbaatar has worked as a reporter in Mongolia for the past 25 years.
PM fails to make statement on Altandornod Mongol
June 3 (news.mn) Prime Minister S.Batbold did not make his scheduled statement on the Altandornod Mongol case to Parliament on Friday.
He was to give details of the expenses incurred on the case in the international arbitration council and also explain why Prosecutor General D.Dorligjav has decided against pursuing charges of fraud and tax evasion against the company’s Executive Director, S.V.Paushok.
Protesters shoot arrows at Ulan Bator’s Government House
Ulan Bator (Mongolia), June 3 (IANS) About 50 protesters on horseback encircled the Government House here Friday and shot arrows at it to protest the lack of a referendum on parliamentary elections.
Togtokhnyam, the legal advisor of Mongolia’s special security agency, said the ‘Government House is a special facility protected by law’.
The protestors were led by Munkhbayar Tsetsgee, an environmental activist and the head of ‘Fire Nation’, a coalition of environmental and political groups.
‘We have waited for more than 60 days for an answer to our demand, which is to hold a nationwide referendum on conducting parliamentary elections without participation of political parties. Now we will take our next action,’ Munkhbayar said.
About 200 impoverished herdsmen protested in April in the central square of Ulan Bator, demanding the government’s resignation and parliament’s dissolution over mining deals with foreign countries.
Protestors demanded snap elections but said they did not want political parties that have become pawns of foreigners to take part, according to Tsetsgee, who won the international environmental ‘Goldman Prize’ in 2007.
Parliamentary officials said it is impossible to hold elections without the participation of political parties. Parliamentary elections are due in Mongolia in 2012.
Minister asks China for 10,000 tons of fuel every month
June 3 (news.mn) Minister for Mineral Resources and Energy D.Zorigt has returned from China where he sought diesel for Mongolia and also took part in the second meeting of the commission for cooperation in mineral resources and energy sectors. He called on the Chief of the Development and Reform Committee of China, Jan Pin, and exchanged opinions on bilateral cooperation.
The Minister requested the Vice President of the National Oil Corporation of China to arrange for a regular monthly supply of 10,000 tons of fuel to Mongolia and also discussed with him construction of an oil refinery here. On his way home, Zorigt visited an oil refinery in Inner Mongolia and held talks with representatives of state organizations and the private sector.
In China he discussed with the Chief of the National Coal Association how cooperation could be widened in the mineral resources sector.
Diesel Shortage Forces Railway to Cancel Most of its Travel Schedules
June 2 (UB Post) Following acute diesel shortages in Mongolia, Ulaanbaatar Railways has suspended travel of 11 freight-trains and 4 shuttle-trains for its local destinations. Destinations affected were Bor-Undur, Zuunbayan, Sharyn Gol and Nalaikh provinces.
According to the head of locomotive department; “By reducing the routes with low consumption and demand, we are saving 60 tons of fuel. Early on we used 210 tons fuel, but now we are spending 150 tons of fuel.
We made such temporary arrangements in the face fuel shortages. Fuel will be transported from China and Russia as soon as possible.
The situation will improve and we will resume regular operations and schedules. We took such measures to save fuel. In contrast with some reports from the media, this problem is not of the making of the railway operations” he said.
President Elbegdorj: We Make Only One Choice in Our Hard Times and This is Our Northern Neighbor
June 3 (UB Post) The President of Mongolia Tsakhia Elbegdorj is currently in Russia for an official visit. He arrived in Sheremetyevo International Airport in Moscow on May 30th.
The first place to visit by Mongolian president was Russian news agency of Itar-Tass, where he had a banquet with representatives of Russia’s leading news agencies, televisions, radios, newspapers and magazines, including “ITAR-TASS”, “VGTRK”, Channel 1, NTV, TV-Center, Russia Today, Interfax, Izvestya, Ria Novosty, Russian Voice and many others.
During the banquet, President Elbegodorj answered questions put by Russia’s top media and press managers on bilateral cooperation in trade, agriculture, on Mongolia’s education and history, as well on biography of the president.
Afterwards, President Elbegdorj visited Lomonosov Moscow State University and gave a lecture on global climate change to professors and students. He shares views about what can be done to reduce negative impacts caused by global warming.
He talked about how nomadic lifestyle of Mongolians preserved mother-nature.
On the sidelines of Mongolian president’s visit, a Mongolia-Russia Business Forum took place at the International Trade Center in Moscow. More than eighty representatives, including government officials, businessmen and press, attended the forum.
Main speech deliveries were by Russian and Mongolian commerce chambers’ officials, Mongolian minister and ministry officials, as well as Russian business delegates.
Visiting President Elbegdorj addressed the forum. In his speech, he stressed that we, the Mongolians, make only one choice in our hard times and this is our northern neighbor.
“Mongolia confirmed its commitment to continue strategic partnership with Russia as it chose broad-gauge as the country’s key rail line, but we need to revise the 1949 railroad agreement because Mongolia wants a railway that meets modern requirements.
Currently, Mongolia has one railroad and it is 50 percent owned by “Russian railways,” the Russian state railroad company. Rest of the Ulanbator Railway is owned by Mongolian government. The railroad agreement was never revised since it was signed in 1949.
Since 1990s, Mongolian side repeatedly expressed interest to change the ownership ratio of the railway. However, Russia never backed from 50 percent ownership of the railway.
He argued the necessities of boosting the ties in infrastructure, financing and agriculture and minimizing mutual trade turnover difference which is US$40 million against $1 billion in favor of Russia.
“We want a bureaucracy-free customs and we are eager to be accountable and reliable partners with Russia” he underlined. Another issue Elbegdorj emphasized in his speech was Mongolia’s interest in ambitious infrastructure projects in the region. He stated Mongolia wants Russia’s energy and natural gas lines pass through the territory of Mongolia.
On May 31st, Mongolian President Elbegdorj and his Russian counterpart Dmitry Medvedev held a tete-a-tete at the Kremlin. The two officials discussed all of major problematic issues concerning the cooperation between the two countries.
Both sides are to blame for trade problems, Dmitry Medvedev said. “We would like goods, and not only raw materials, to be imported and exported,” he said. “ For example, we would want Mongolia to buy our equipment. For that locomotives – major projects, are needed,” he said. Cooperation on the Ulaanbaatar Railway is among such projects, Medvedev noted.
According to Medvedev, Russia is ready supply hardware to its neighbour as soon as possible, to help it “operating better”.
A Russia’s Kommersant newspaper evaluated in its op-ed the development of relations between Russia and Mongolia in general. It said after disintegration of the Soviet Union and the start of democratic transformations in Mongolia, its attitude to Russia has become ambiguous.
Trying to change the situation, which used to be in Moscow’s favour, “new democrats” expected that support of the West would help the country make a leap into a post-industrial society. However, nowadays the situation in relations between the two countries is radically changing once again, the Kommersant says.
A new geopolitical reality – swiftly expanding its influence China, makes Mongolia once again turn its face to Russia. These days it is important as never before for that country, squeezed between the Russian and Chinese borders, to find its neighbours’ balance of interests.
That is why Mongolia is extremely interested in seeing that Russia and its business form a counterbalance to the influence of a powerful southern neighbor, according to the Russian newspaper.
The Kremlin meeting as well talks with participation of Prime Minister Vladimir Putin that followed it, have not cleared up the fate of the Russian bid to participate in the exploration of Tavan Tolgoi.
A source close to negotiations said Elbegdorj gave no clear answer on Tuesday as to prospects of the Russian Railways Company to get access to the deposit.
The presidents of Mongolia and Russia signed a joint statement on the result of their meeting, vowing to further promote ties between the two countries.
Medvedev said he believes the Russian-Mongolian trade volume should not only rely on petroleum products, calling on diversification of bilateral trade.
“We are interested in trade turnover diversification. We need new powerful projects such as nuclear projects or Tavan-Tolgoi (coal deposit), which will promote bilateral cooperation,” Medvedev said. The two sides also discussed progresses of several joint projects.
After the meeting, the presidents also attended signing ceremony of other four documents on bilateral cooperation and ties.
The documents signed on March 31 at the Kremlin include intergovernmental agreements on the protection of intellectual property obtained in the course of bilateral military and technical cooperation, and on the creation of the Uvs Lake Hollow Biosphere Reserve, a memorandum on research cooperation between the Russian and Mongolian Academies of Medical Sciences, and a protocol on amendments to the agreement of June 6, 1949 between the governments of the USSR and Mongolia on the establishment of the Ulaanbaatar Railway Soviet-Mongolian joint-stock company.
The agreement on the trans-border Uvs Lake Hollow Biosphere Reserve is geared to “preserve biological and nature diversity,” Russian Minister of Natural Resources and Ecology Yuri Trutnev said after the signing.
Russia and Mongolia also signed an agreement to boost the capital of their 50-50 joint venture, Ulaanbaatar Railways, by $250 million. Talks to increase Mongolia’s share to 51 percent will continue, a source said.
Mongolian President Elbegdorj appealed to the government of Russia to resolve the problem with petroleum products supplies, when he met with Russian Prime Minister Vladimir Putin.
“There have been failures in delivery in recent months, we have serious problems: now sowing has been delayed, production has become suspended and public transportion in cities has almost stopped,” Elbegdorj said.
Elbegdorj reported that the Mongolian energy minister will arrive in Moscow to hold talks with Russian Deputy Prime Minister Igor Sechin. “Probably once they meet, the issue will be solved,” Elbegdorj said.
Faced by fuel shortage of its own, Russia, the world’s largest oil producer, raised the fuel export tax by 44% this month. Putin has criticized Russia’s oil groups, saying there was no lack of oil but that companies had restricted supplies to keep prices high. Putin pledged to pay a special attention towards petroleum supply to Mongolia.
Related: Putin promises to pay attention to petroleum export to Mongolia – news.mn, June 2
Mongolians Given Free Shares in Coal IPO
Jun. 3 (2point6billion.com) – Every Mongolian has just been given shares in the Erdenes-Tavan Tolgoi IPO, as was suggested would happen by us earlier in the year. The offering, in a coal mining operation commonly referred to as “TT” (for Tavan Tolgoi), is designed to ensure every Mongolian national shares in the new wealth being created through the development of the country’s mining sector.
Income from the global mining sector is pouring into Mongolia, lifting the current rate of GDP growth to 12 percent this year with predictions of it rising to 30 percent by 2015. Mongolia’s stock exchange, which has recently entered into a partnership with the London Stock Exchange, is soaring to previously unheard of highs, while the Mongolian national currency, the togrog, is the world’s fastest appreciating currency unit. That is giving rise to concerns about inflation and fears that traditional industries such as agriculture and cashmere could face problems as costs rise in a competitive market.
The shares being distributed to all Mongolians will trade on the Mongolian Stock Exchange following a lock-in period yet to be defined. The stock market’s index rose 138 percent in 2010, and is up 27 percent in 2011 to date. The total value of Mongolian stocks passed US$1 billion for the first time last year, while predictions of it hitting US$10 billion by 2015 are rife. Much still needs to be done with many of the businesses listed, a large chunk being state-owned energy companies that need a complete overhaul to make them viable. Hence the creation of a sovereign wealth fund by the government for it to invest in some much needed infrastructure, and especially in the energy sector. Plans are to recapitalize some of these stocks, provide the companies with investment plans, and then sell additional shares – possibly in Hong Kong and London as well as on the domestic bourse.
Assistant Secretary Campbell's Travel to East Asia
June 3 (State Department) Assistant Secretary for East Asian and Pacific Affairs Kurt M. Campbell will travel to China, Mongolia, Indonesia, and the Republic of Korea (ROK) June 5-10, 2011.
In Beijing June 6, Assistant Secretary Campbell will meet with senior Chinese officials to discuss areas of cooperation in the Asia-Pacific and a range of other issues, including North Korea and Iran.
He will then travel to Ulaanbaatar on June 7, where he will participate in meetings with senior Mongolian officials to discuss a broad range of bilateral issues.
On June 8, he will travel to Surabaya to participate in the Senior Officials Meetings to prepare for the upcoming East Asia Summit and ASEAN Regional Forum. In addition, he will meet bilaterally with his counterparts from several members of the ASEAN regional fora. Finally, he will co-host a senior level “Friends of the Lower Mekong” meeting of donor countries to the lower Mekong sub-basin, which arose from the Lower Mekong Initiative.
Assistant Secretary Campbell will arrive in Seoul on June 10 for meetings with senior ROK officials to discuss a wide range of bilateral, regional, and global affairs, including next steps on the Korean Peninsula.
Assistant Secretary Campbell departs for Washington, D.C. on June 10.
(Japan’s) METI to support projects to cut rare earth China dependence
June 4 (Asahi) The Japanese government announced emergency measures June 3 to avoid being held hostage by Chinese price-fixing and quotas for rare earth metals crucial to industrial production.
The 30-billion-yen (370 million dollars) program by the Ministry of Economy, Trade and Industry provides subsidies for development of alternative materials and rare earth recycling technologies.
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<Mogi & Friends Fund A/C>
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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.
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Mogi
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"Mogi" Munkhdul Badral
Senior Client Manager / Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
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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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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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