Wednesday, July 27, 2011

[cpsinewswire] [CPSI NewsWire: TVN in Trading Halt Pending 'Materials Results' Announcement]

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 or +976-99996779.

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Close: Mongolia Related ASX Listed Companies, July 27, 2011




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TVN Corporation in pre-open pending 'material results' announcement

July 27, TVN Corporation Limited (ASX:TVN) has been granted a trading halt by the ASX pending an announcement 'relating to material results of the company's current drilling program and associated assay results', with the shares placed in pre-open.

Investor interest in the stock was sparked earlier in the month, and for good reason, with the intersection of a 137 metre thick coal system in a down hole at the Nuurst project in central Mongolia.

The result - a 74% share spike on the day.

What helped boost investor interest is the exploration target at Nuurst of 50 to 100 million tonnes assumed a coal thickness of just eight metres.

Nuurst is statically located six kilometres from existing rail infrastructure, providing low cost access to the key coal export markets of China, South Korea and Japan.

What is so fascinating about exploration and geological understanding in Mongolia is the lack of it, with an estimation that only three quarters of the country has been mapped to a scale of 1:200,000.

The underdeveloped and general lack of infrastructure in the country won't present much of a problem for TVN Corporation at this exploration stage.

Boosting the coal possibilities even higher for Mongolian focused companies, the country has coal reserves estimated at over 150 billion tonnes.

Link to release


Lucky Strike Expects to Commence 1,500 m Due Diligence Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2011) - Lucky Strike Resources Ltd. ("Lucky Strike" or the "Company") (TSX VENTURE:LKY) has received three bids from drilling companies in Mongolia to perform a 1,500 m due diligence drilling on the CN Coal Properties, and expects to commence due diligence drilling in August 2011. This announcement is further to the Company's news release dated July 11, 2011, in which Lucky Strike announced that it has signed definitive agreements to acquire an 80 percent interest in the CN Coal Properties subject to the completion of legal and technical due diligence and acceptance by the TSX Venture Exchange.

The 1,500 m drilling program forms part of the technical due diligence to twin drill holes and to carry out a limited number of step-out holes to test the potential of the summary table of coal inventory titled 'Mongolian Coal Basins and Deposits', in a document referenced by Norwest Corporation as stated in our July 18, 2011, news release, stating the potential coal tonnage within and surrounding the CN Coal Properties, including licensed and non-licensed areas in the vicinity, is estimated to contain Mongolian P1 resources of 232 million tonnes, P2 resources of 1,017.9 million tonnes and P3 resources of 271.4 million tonnes for a total of 1.52 billion tonnes historical resource. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources; the Company is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

The Company expects to commence due diligence drilling in August 2011. In addition to drilling, the technical work will include downhole wireline logging and a magnetic ground survey. The award of the work will be subsequent to the review of the bids from the three bidders and the assurance of quality assurance/ quality control (QA/QC) of the bidder's drilling capabilities in accordance with National Instrument (NI) 43-101. In addition, Lucky Strike and its technical consultants will outline the sampling procedures and review the assay laboratories in Ulaanbaatar in preparation to receiving samples from the due diligence drilling work.

Link to release


MER up 0.5c or 8.3% to 6.5c on Tuesday


Jul. 26, 2011 ( -- Vancouver, B.C.: Meritus Minerals Ltd. (TSXV:MER) (OOTC:MERMF) (MML)(TSX-V - MER)(the "Company") Due to a strong response to its July 22, 2011 announcement of a private placement financing (the "Financing"), the Company has decided to increase the Financing from 8 million units (the "Units") to 10 million Units, for total proceeds raised of $500,000. Each $0.05 Unit will consist of one common share and one a share purchase warrant with each warrant entitling the holder to acquire one additional common share of the Company at a price of $0.10 per share for a period of 12 months from closing (the "Warrants"), subject to the right of the Company to accelerate the exercise period of the Warrants to 15 days if, after the 4 month hold period has expired, shares of the Company trade above $0.15 for a period of 15 consecutive days.

Finders' fees in accordance with TSX.V policies may be payable in respect to the placement.

Link to release


[I-bank focus] Citi sees brighter outlook for M-ongo Mining

July 26 (ETNet) Citigroup expects stronger 2H outlook for Mongolian Mining (MMC)(00975), driven by selling value adding washed coal, and commercial run of paved road in September.

The research house also expects near-term overhang on potentially weak 1H results should be removed after the interim result announcement in August. 

Citi expects MMC to produce 2.5Mt raw coal in 1H and 4.5Mt in 2H. Further to the sales with Shenhua in June, MMC mentioned that it contracted most of its washed coal products in the 2H with major steelmakers and traders, including Shougang and Baotou I&S

Citi maintained its "buy" rating on the stock, with HK$10.67 target price. (KL)

Link to article


Haranga: June 2011 Quarterly Activities Report

July 26, Haranga Resources Limited (ASX:HAR) --

- Highlights -

Exploration Activity

      Drilling has commenced at the Company’s flagship Selenge iron ore project.

Ø  Iron mineralisation intersected in the initial diamond holes  appears to be significant and  of a similar nature to  that reported from the previous drilling completed at the prospect

Ø  4,000m diamond drill program will likely be expanded and further augmented by an RC drill program

Ø  Currently drilling the first of four priority targets identified within the project area.

      First pass drill programs completed at the Sumber and Tumurtei Khudag iron ore projects

Ø  Iron mineralisation discovered in magnetite skarn at Tumurtei Khudag.

      Magnetic survey completed over entire Shavdal project licence, revealing further magnetic targets.


      Mr Kerry Griffin appointed as Technical Manager to oversee Mongolian exploration programs and technical due diligence.

      Second deferred acquisition payment completed, securing the Company’s 60% interest in the Selenge project.

      Haranga Resources continues to assess  prospective iron ore and manganese opportunities in Mongolia.

      $17.7 million in cash reserves

Activities Report and Review of Projects

Link to Quarterly Activities Report

Link to Quarterly Cash Flow Report


Voyager: June Quarter Activities Statement

July 27, Voyager Resources Limited (ASX:VOR) --


Ø  Reverse Circulation drilling has commenced at  the Khul Morit Copper Porphyry Project (KM). To date  twenty seven  drill  holes have been completed targeting high order Induced Polarisation geophysical anomalies and to follow up previously intersected high grade copper in diamond core that has returned:

§  27 metres at 2.09% copper from 28.8 metres (KH04), including:

·         12.5 metres at 3.63 % copper from 43.3 metres

Ø  Ongoing pole-dipole and dipole-dipole Induced  Polarisation geophysical surveys at KM and Khongor continue to identify broad chargeability anomalies that require drill testing.

Ø  Geological reconnaissance  at KM  has identified further outcropping and sub cropping quartz-tourmaline breccias  that contain  varying amounts of malachite and azurite (copper oxide), these breccias  occur  over  a strike length exceeding 4 kilometres within an identified alteration corridor.

Ø  Recent surface mapping at Khongor has identified two new porphyry copper mineralised zones at surface.

Ø  In addition to the RC Rig at KM, Voyager has mobilised two diamond core drilling rigs to KM and a further diamond core rig is scheduled to arrive at Khongor to drill test mapped alteration zones, geochemical and geophysical anomalies.


Voyager Resources  commenced an aggressive exploration programme during the quarter, taking advantage of the warmer months during the Mongolian Summer.  Four drilling rigs  willo be in operation  during  the first week of August at the Company’s KM, Khongor and Daltiin Ovor Projects.

During June,  Voyager commenced  an extensive  Reverse Circulation (RC) drilling programme at the KM Copper Porphyry Project located in the South Gobi region of Mongolia (Figure 1).  Initial results from the  ongoing geophysical and geochemical surveys  identified several high order anomalies.

As a result the Company has expanded the current drilling programme with the fast tracking of two diamond core drilling rigs to site. The planned dipoledipole and pole-dipole Induced Polarisation (IP) geophysical survey has also been expanded. Activity on site has grown rapidly with an estimated 60 to 70 people currently located at the recently established camp.

In addition to this,  further  geophysical and geochemical programmes are underway or will commence within the coming weeks at KM. It is anticipated that these surveys will extend the currently planned drill metres.

Voyager has also advanced exploration  programmes  at its Khongor Copper Gold Porphyry Project during the quarter. Exploration activities have included license  wide geophysical  and geochemical  surveys including, Induced Polarisation (IP), ground  magnetic,  gravity and a  geochemical soil programmes.

Surface mapping was completed over areas of interest at various scales, this work has led to the discovery of two new porphyry copper mineralised zones

Link to Quarterly Actitivities Report

Link to Quarterly Cashflow Report


GMM: June 2011 Quarterly Report

July 27, General Mining Corporation Limited (ASX:GMM) –


      Deep potash exploratory drilling to start at the Uvs project in Mongolia

      1st stage RC drilling at the Shoemaker project in Western Australia completed.

Link to Quarterly Activities Report

Link to Quarterly Cashflow Report



July 27, Solartech International Holdings Limited (HK:1166) --


Reference is made to the Announcement, in relation to the placing of a maximum of 504,510,000 Placing Shares, on a best effort basis, at the Placing Price of HK$0.20 per Placing Share. The purpose of this circular is to provide you with further details of the Placing and the notice convening the SGM at which a resolution will be proposed to approve the Placing and the specific mandate to issue and allot the Placing Shares.

Link to release


Think Environmental: Mining Its Gold Business 

Think Environmental : Mining Its Gold Business

July 27 ( In issue 406, I did a write up on Think Environmental (ThinkEnv) Think Environmental Thinks Big, which saw ThinkEnv stepping afoot on unfamiliar territory that doesn’t relate to its renewable energy business then.

ThinkEnv has grown from exploration to production of gold. In its efforts to achieve congruency, it has proposed to change its name to “LionGold Corp” and will also steer the course of its main activities to the exploration for and exploitation of precious minerals and natural resources. Moving forward with absolute finesse, a team with extensive mining experience has been gathered by ThinkEnv and has been instrumental in helping it settle into said field with ease.

Having placed its second order for 5 sets of modular gold recovery plants, the first and second orders of modular gold recovery plants will be deployed in Phase 1, which will see production kick start in 2H11.

Mongolia’s Gold Pour Milestone

ThinkEnv announced on 4 July that its gold recovery operations in Tsagaan Jalga, Mongolia, has produced its first gold pour of 459.99g with an excellent recovery rate of 95% under a 21 hour production trial. Historically, production rate at existing recovery plant ranged between 300-400g per day with approximately the same recovery rate.

“We are very excited that the first successful gold recovery trial in Mongolia also represents the Group’s first gold recovery across all of our tenements. It has delivered ahead of schedule. Mongolia’s Tsagaan Jalga property has indeed exceeded all expectations by catapulting in front of the rest of our tenements,” said Tan Sri Dato’ Nik Ibrahim Kamil, Executive Chairman and Group Chief Executive Officer of the company in the announcement report.

ThinkEnv intends to rapidly stabilise production by taking advantage of the favorable climate conditions at this time of the year.

“Notwithstanding the modest nature of the existing recovery plant, we have a solid base operation to build upon and the results were excellent,” Kamil added.

In line with its plan to accelerate early gold production as soon as a tenement has been acquired, ThinkEnv has signed agreements to acquire significant gold stakes in 16 concessions in Mali, Ghana, the Philippines and Mongolia.

Stepping Up Production

ThinkEnv’s strategy to accelerate production concurrently with ongoing exploration adds plus points to its cash flow. As geological work needs funding, the cash generated during early production helps to smooth cash flow troubles for the geological work.

In the past 7 months, ThinkEnv has gathered more than 100km2 of mining acreage and has also been amping up equipment orders. Besides translating into possible elevated production output, this also suggests that ThinkEnv sees promising extractions pertaining to its investments in quality concessions.

ThinkEnv intends to have 12-20 mines put to production by March 2013. Decking reasonable production output against companies such as Gold One International or Resolute Mining, which see production capacity of more than 50,000-100,000 oz per mine each year, ThinkEnv’s mines in Keikoro, Mongolia and Ghana looks set to hit such scale.

Potential Catalysts And Risks

In a nutshell, mining and exploration companies are valued based on a mix of profitability and discovered resources. That said, with ThinkEnv’s constant push of discovering quality concessions and having several mines of significant potential resources, it is evident that said resources may not have been priced in fully for ThinkEnv yet.

The consideration of what takes into valuation mentioned above, coupled with higher forecast production and delivery of exponential profit growth will also drive the stock price of ThinkEnv.

In order to meet the production targets that ThinkEnv has set for itself, it would have to accumulate sizeable resources and one of the risks for such actions would be that which relates to financing, as acquisition of more sites would mean the need for more funds. ThinkEnv has however been able to mitigate this by its “early production strategy” as mentioned above.

Fluctuation of gold prices would also be a factor that could impede ThinkEnv’s mining margin. However, the fact that demand for gold as an investment safe haven remains ever strong seemed to have effectively smoothed over said risk. In addition to that, ThinkEnv could also hedge downside risks in gold prices by selling its production forward in the futures market.

According to AmFraser’s fair value of $1.04 for ThinkEnv, ThinkEnv’s price of $0.82 as at 11 July is at a 26.8% discount to the said fair value. Factoring the possibility of finding more quality gold concessions, better than expected production output, or reaching yet another milestone like that of its Mongolia’s gold pour, ThinkEnv’s name in the gold mining business is expected to be shining quite brightly among its mining peers.

Link to article


East Asia Minerals Announces Management Change

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2011) - East Asia Minerals Corporation (TSX VENTURE:EAS) announces changes to its management structure, effective immediately. Michael Hawkins has resigned as CEO-President-Director of East Asia, and is replaced by Dr. Darryl Clark and Mr. Alex Granger. The Company also announces the recent acceptance by Edward Rochette as the Chairman of the Board of Directors of East Asia Minerals. These changes come at a time when the Miwah Gold Project is about to move from an exploration stage towards feasibility, and Mr. Hawkins and the BoD of East Asia Minerals have determined that the new management team is the appropriate one to take Miwah to the next level in this evolution. Mr. Hawkins will continue with East Asia Minerals as a consultant during this period of transition, and shall further assist the Company in the identification of new early stage opportunities.

Mr. Edward Rochette - As part of the transition of the Company's Management Team and Board of Directors, the Company is pleased to announce the recent appointment and acceptance by Mr. Edward Rochette as Chairman of the Board of Directors of East Asia Minerals. Mr. Rochette joined the company May 2010 as a Director and has added significant depth to the Board with his extensive and expert international and legal background.

Mr. Rochette is an internationally known lawyer with 30 years of experience in the acquisition of mining rights, international business, land management and natural resource transactions. He has concluded mining transactions involving gold and other precious metals, uranium, iron ore, nickel, coal and oil & gas in Asia, Central Asia, Africa, North America and a number of countries in South America, as well as the Balkan and Scandinavian regions in Europe. Mr. Rochette works as a Partner with IBDA, a premier consulting firm in China conducting business in Beijing and other areas of the world, where his responsibilities include being the transaction specialist in the international mining sector. Previously he was Senior Vice President of Ivanhoe Mines Ltd. This responsibility included the negotiation to acquire the world class Oyu Tolgoi copper-gold project, Mongolia.

Link to article


UPDATE 1-Mongolia state-owned miner signs coal deal with China's Chalco

ULAN BATOR, July 27 (Reuters) - Mongolia's state-owned miner Erdenes Tavan Tolgoi (TT) has agreed to sell $250 million worth of coal from the east Tsankhi deposit to Aluminium Corp of China Ltd (Chalco) , a move insiders said was aimed at raising cash to help fund its impending listing fees.

Under the agreement, Chalco would resell 30 percent of the coal to Japanese trading houses Itochu Corp and Mitsui as well as state-owned Korea Resources Corp (KORES), Erdenes TT LLC said in a statement seen on Wednesday.

Erdenes TT said a signing ceremony was attended by China's ambassador to Mongolia and delegates from Chalco. It has also signed purchasing agreements with Itochu, Mitsui and Kores.

The government has split the massive Tavan Tolgoi coal field into two sections for development. The east Tsankhi area is owned by Erdenes TT, which is planning an initial public offering worth as estimated $10 billion, while the west Tsankhi block is being auctioned to miners via an international tender.

A source involved in the listing of Erdenes TT said the government has been working hard to raise $500 million of initial funding needed to kick off the IPO process.

"The overall capex for the project is well into the billions over the life of the mine so $500 million is just a drop in the bucket to get this project moving," said the source who asked not to be identified as his firm was still competing to win deals related to the IPO.

Erdenes TT did not say how much coal would be sold to Chalco under the $250 million deal, but it said the agreement would expire within one to 1-1/2 years. However, a newspaper report quoted B. Enebish, head of state-run Erdenes MGL, as saying the deal would last for five years.

After the deal expires, Chalco would then have to pay market price for the coal, Erdenes TT said. But it was unclear whether Chalco would continue to be the sole recipient of the coal from east Tsankhi deposit when the agreement expires.

Erdenes TT could not be reached for comment.

The government has said that it hopes to list Erdenes TT by late 2011 or early 2012, and the company would likely be listed in London, Hong Kong, or both.

Land-locked Mongolia, which has an gross domestic product of just about $6 billion, is banking on the development of its massive coal and copper resources to lift the nation out of poverty and help fund much-needed infrastructure projects across the country. 

Link to article


Copper concentrate supply to China seen up in Q4 2012 on Oyu Tolgoi

* Concentrate supply to China seen up as early as late 2012

* Term offers for Oyu Tolgoi concentrates are on the table already

HONG KONG, July 26 (Reuters) - Chinese smelters expect supplies of copper concentrate to rise as early as late 2012, paving the way for higher charges, as neighbouring Mongolia's Oyu Tolgoi copper and gold mine starts to come onstream, industry sources said on Tuesday.

That may prompt Chinese smelters to raise term treatment and refining charges (TC/RCs) requirements for 2012 after they won a more than 50 percent on-year increase to $72 a tonne and 7.2 US cents a pound for the first half of 2011 and $90 and 9 cents for the second half.

Oyu Tolgoi, the world's largest undeveloped copper and gold project and located 80 kilometers (47 miles) north of the Mongolia-China border, is 66 percent owned by Canada listed Ivanhoe Mines Ltd .

The government of Mongolia holds the remaining share. Global miner Rio Tinto presently holds a 46.5 interest in Ivanhoe Mines, according to the Ivanhoe website.

"The startup (of Oyu Tolgoi) may help improve the concentrate shortage in the Chinese domestic market," Yang Changhua, senior analyst at state-backed research firm Antaike said.

TC/RCs are paid by overseas sellers to Chinese smelters for converting concentrate imports into refined metal and deducted from concentrate sale prices based on London Metal Exchange copper prices .

Higher charges, typically seen when supply rises or demand falls, cut concentrate import prices.

Spot copper concentrates changed hands at TC/RCs of around $85 and 8.5 cents to China in the past two weeks versus around $100 and 10 cents in June.


The location makes China a natural buyer for Oyu Tolgoi concentrates, which are now being offered to Chinese smelters for term contracts starting in 2013, traders and Chinese smelter sources said at a delivery point on the border with Mongolia near the Chinese city of Baotou.

The mine is set to start production tests in June 2012, with Chinese buyers expecting some spot concentrate sales in the fourth quarter of 2012. Commercial production is scheduled to start in the first half of 2013.

The mine output will not be sufficient to cover China's concentrate deficit, and Yang said Chinese smelters may still use the anticipated additional supply from Oyu Tolgoi as a bargaining chip to demand higher term TC/RCs in 2012.

Yang said excluding Oyu Tolgoi, some new copper mines were also expected to come onstream in 2013, adding supply to the global market.

Chinese smelters typically hold the first round of term TC/RCs talks with international trading firms and global miners such as Freeport-McMoRan Copper & Gold and BHP Billiton during the LME Week in October and settle the charges a few weeks before the delivery year starts.


Industry sources said six large- and medium-sized Chinese copper smelters were in talks with Rio Tinto for 3-year term contracts for concentrates to be produced by the Oyu Tolgoi mine.

Three international trading houses were also bidding for contracts, one Chinese smelter source said.

Nine bidders were in the second round after at least four Chinese smelters had left in the first round, two sources who are familiar with the talks said.

"We have not been told when the result will come," said one of the two sources.

Link to article


Peabody Energy's Conference Call Suggests That Coal Prices Will Be Stronger for Longer

July 27 (Seeking Alpha) The opening comments by CEO Greg Boyce on Peabody Energy’s (BTU) July 20th conference call were enlightening.

In addition to making a compelling case for continued strong demand for met and thermal coal, he also signaled, (at least to me) that Mongolia’s coal exports from Tavan Tolgoi will disappoint over the next several years. However, what’s bad for coal supply is good for coal prices. Companies poised to benefit from the coming coal shortage will be excellent long-term investments.

An easy yet powerful way to get exposure to what Boyce calls the coal super-cycle is to buy KOL. KOL is an ETF that has coal companies as well as mining equipment makers. KOL is especially exciting because it has a good mix of foreign coal-related companies. Boyce said,

With regard to Peabody's recently announced win of a coveted spot on Mongolia's Tavan Tolgoi synchronized mining team, Boyce answered an analyst question as follows:

It's premature for us to get into much detail on those projects, but I think as we're looking at them now, as they begin to develop, you're talking about a development horizon that would probably take us 24 to 36 months and then begin to start to build the mine out, and probably on both of those fronts in a three to five-year window before you see coal coming out and so that's at the highest level.

Wow! My read - 2-3 years to develop BEFORE they start to build the mine. And that’s not 2-3 years from today, but 2-3 years from when parliament signs off on the project, which could still be a long way off.The Koreans and Japanese are contesting the whole process as unclear and unfair. Let’s say that the clock starts ticking on 1/1/2012. Next, Peabody will have to complete a project development plan that will be unprecedented in its complexity. Peabody needs to reach consensus among a Russian railroad (the Russian government), a Chinese coal producer (the Chinese government, Mongolian interests (the Mongolian government) AND the Mongolian people who will directly own shares in the project.

More likely, it will take 3-4 years of development / consensus building.That would take us until 2015-16 before Tavan Tolgoi is in meaningful production, and 2016-17 before the project reaches 15mm tons of coal production, of which Peabody will control 3.6mm.

We have a number of partners with China with the Russian railroad and as well as the government of Mongolia. But we're fairly confident that, at a 15mm ton a year level, the Cap-ex will come in at a number that's consistent with what we would see in a normal surface mine that we would be building.

Even after the logistical nightmare of rail lines, bridges, roads, power plants, mining camps, schools, hospitals and air strips is resolved, at considerable expense for all involved, the costs of delivering the coal to the end user will ensure that margins will be merely mediocre. My guess is that this project will be an epic waste of time and financial resources.Worse yet, the labor, equipment, contractors and consultants that will be tied up in this mess will be largely unavailable to help other emerging Mongolian coal producers. I am convinced that Mongolian exports of met coal will disappoint over the next several years.

If my thesis on Mongolia is correct, then these statements from the CEO of Peabody lead to the inescapable conclusion that coal prices will stay stronger for longer. To recap, India's coal demand is higher than expected and its domestic supply lower. Germany is phasing out nukes and coal and natural gas will have to fill in the gap. Japan's coal demand is rebounding and will pick up pace next year. Brazil has to build infrastructure, stadiums and housing for an Olympic Games and a World Cup. Natural gas prices in Europe are rising, enabling lower cost coal to be used. The world needs Mongolia to be producing 50mm tonnes of coking coal in 5 years, it won't be, and export growth from South Africa and Indonesia will be anemic due to domestic needs for the coal.

Considering what Boyce said and contemplating these additional factors, the question may not be if coal prices will remain at or above current levels, but how high might they go and how soon will the world realize high prices are here to stay. Investing in coal company stocks before this scenario becomes conventional wisdom could make for an excellent long term investment. The best way to get invested in a wide range of companies that will benefit from the global demand for coal outstripping incremental supply is to buy KOL.

Link to article


Kh.Battulga signs memorandum of cooperation in Tokyo

July 27 ( The Ministry of Road, Transportation and Urban Development of Mongolia and the Ministry of Infrastructure of Japan have recently concluded a memorandum of cooperation in Tokyo, following a visit by a Mongolian team led by Minister Kh.Battulga. According to the Japanese Ministry of Infrastructure, the memorandum highlights the strategic partnership of the two countries.

Joint feasibility studies will now be made of auto road construction to help exploitation and transportation of mineral resources. The memorandum also covers development of human resources and protection of water reserves.

Link to article


Restriction on AI-92 sale in Arkhangai, Selenge

July 26 ( Despite official reassurance that there is enough fuel in stock, consumers in Arkhangai, Selenge and Khuvsgul aimags see several signs of shortage. Admitting this, Deputy Governor of Arkhangai aimag G.Chuluunbaatar told the Uls Turiin Toim newspaper that customers at petrol stations were not being allowed to buy more than 20 liters of AI-92 in one purchase. Workers at the stations said they have been told fuel reserves are low.

Referring to the same kind of restriction in Khuvsgul province, the Chief of the Citizens Representatives Assembly has said the sale of AI-92 had to be controlled as many guests came to the province during Naadam and much more petrol was sold than estimated. He assured that there is enough stock but petrol stations are selling between 20 and 40 liters in one purchase just as a precautionary measure.

The Chief of the Citizens Representatives Assembly of Bayankhongor aimag, however, has denied any restriction on the sale of AI-92 in the province. 

Link to article


<Mogi & Friends Fund A/C>


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.




"Mogi" Munkhdul Badral

Senior Client Manager / Executive Director

CPS International LLC

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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 or +976-99996779.



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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