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Macmahon JV wins $US500m Mongolian contract
October 14 (The West Australian) Macmahon says it has won a five-year, $US500 million coal mining contract in Mongolia as part of a 50/50 joint venture with Germany's Operta.
A State-owned mining company awarded the cost reimbursable contract for large-scale open cut mining operations at the Tavan Tolgoi project, 540km south of the capital, Ulaanbaatar.
The contract will begin in January next year at a rate of 3mtpa, using existing client-owned equipment.
In the second year, production is expected to ramp up to 6mtpa, which would require additional capital expenditure.
"The client anticipates coal production will continue to ramp up to 15 million tonnes per annum once the entire mine and transport infrastructure is established," Macmahon said in a statement.
Macmahon said it and Operta were in discussions with potential financiers for an off-balance sheet funding solution that would provide equipment for the ramp-up.
"The financing is expected to be concluded in the first half of 2012," the company said.
Macmahon chief executive Nick Bowen said he hoped the contract would pave the way for developing a long term presence in Mongolia, which was one of the world's largest emerging mining regions.
Macmahon shares were off half a cent to 62.5 cents at 9.35am.
Mongolia's giant coal mine to start production on Dec 1
ULAN BATOR Oct 13 (Reuters) - Mongolia will start producing coal from the eastern block of the giant Tavan Tolgoi coal deposit in the Gobi desert on Dec. 1, the head of one of the companies entrusted with its development told Reuters on Thursday.
"We have all the necessary rights to start production on December 1," said Wolfgang Peters, chairman of Germany's BBM Operta Group, which was awarded the contract to develop the eastern Tsankhi block of Tavan Tolgoi with Australia's Macmahon Holdings in August.
Peters, who was in Mongolia as part of a delegation accompanying German Chancellor Angela Merkel, said output from the block is expected to reach 3 million tonnes in 2012, and eventually rise to 15 million tonnes per year.
Mongolia plans to list the east Tsankhi block, which covers about 40 percent of the total area of the estimated 7.5-billion tonne Tavan Tolgoi deposit, in a multibillion dollar international IPO scheduled for the first half of next year.
But analysts have expressed concern that political uncertainties could still delay the project, with Mongolia's parliament still to approve a politically contentious investment agreement for the western block.
Following complaints from Japanese and South Korean bidders, the government backtracked from a previous deal granting 40 percent of the block to China's Shenhua Energy, 36 percent to a Russian-Mongolian consortium and 24 percent to Peabody of the United States.
Erdenes Tavan Tolgoi, the state-owned company in charge of the deposit, said last month that all the original bidders were still in the running.
Local media reports suggested last week that the Japanese and South Korean bidders would become part of a Peabody-led consortium and be granted a total stake of 33 percent, with Shenhua and the Russian consortium also granted 33 percent.
The Mongolian government is keen to get a deal in place for both the eastern and western blocks of Tavan Tolgoi as soon as possible as it strives to fulfil promises it made to the electorate in 2008.
But a growing number of voices have been calling for the project to be delayed until after next year's parliamentary elections, saying that populist jockeying could harm decision-making.
HUN at A$1.74-1.775 in early trading
Banpu Stake in Hunnu Grows to 40.66%
October 14, Hunnu Coal Limited (ASX:HUN) –
Related releases:
Centaurus Capital becoming substantial holder at 6.5% – October 14
Credit Suisse becoming substantial holder at 5.1% – October 13
L1 Capital ceasing to be substantial holder – October 13
ERD closed up 8% on announcement
Erdene Drilling Confirms Significant Epithermal Gold Mineralization Near Surface in Southwest Mongolia
Intersects 55 metres of 1.02g/t Gold Including 23 metres of 2.07g/t Gold and 23g/t Ag Silver
HALIFAX, NOVA SCOTIA--(Marketwire - Oct. 12, 2011) - Erdene Resource Development Corp. ("Erdene") (TSX:ERD), is pleased to announce results from the first drill program at the Company's 100% owned Altan Nar (Golden Sun) property in southwest Mongolia. These encouraging polymetallic-gold assay results are from a shallow, four-hole drill program, focused on epithermal-style gold, silver and base metal mineralization.
"Altan Nar is proving to be an exceptional new discovery based on the size of the system and the extensive precious and base metal mineralization now confirmed through drilling," said Peter Akerley, President and CEO. "We are very encouraged by these initial, near surface, drilling results and look forward to the continued exploration of this exciting prospect."
Highlights
Target area measuring 3 kilometres x 2 kilometres contains multiple prospects defined by geochemistry and geophysics with several gold-bearing epithermal-style quartz vein/breccia zones;
Initial hole intersects 55 metres of 1.02g/t gold and 12g/t silver, including 23 metres of 2.07 g/t gold and 23 g/t silver;
70 metre-wide alteration zone with multiple gold-bearing zones intersected in four holes over 100 metre strike length, open to the north, south, and at depth;
Gold-bearing epithermal quartz breccia system has been tested to vertical depth of 85 metres with geophysical anomalies suggesting continuity and local intensification at depth;
Altan Nar Epithermal Polymetallic-Gold Prospect - Drilling Results
A four-hole, 406 metre diamond drill program, completed in mid-September, tested a 100 metre portion of a chargeability anomaly that extends for over 1 kilometre and is one of multiple anomalies within the target area. The program was designed to test one of the coincident soil and geophysical anomalies in an area measuring approximately 3 kilometres by 2 kilometres with abundant gold bearing epithermal veining at surface.
All four holes were drilled at 45 degree angles and all intersected zones of epithermal quartz breccia and comb-quartz veining with associated phyllic, propylitic and minor potassic alteration of host andesite and andesitic tuff. Surface expression and drilling indicate a 70 metre-wide mineralized alteration zone with widespread galena and sphalerite (up to 1.50% zinc and 0.39% lead over 21 metres in TND-12). In contrast, assay results (Table 1) indicate that gold mineralization was mostly restricted to zones of quartz breccia and comb-quartz and chalcedony veins, interpreted to be oriented from vertical to steeply northwest-dipping.
Table 1
Drilling Highlights | ||||||||
Hole # | Total | Depth (m) | Width (m) | Au (g/t) | Ag (g/t) | Pb (%) | Zn (%) | |
Depth (m) | From | To | ||||||
TND-09 | 111 | 20 | 75 | 55 | 1.02 | 12 | 0.26 | 0.47 |
incl. | 50 | 73 | 23 | 2.07 | 23 | 0.26 | 0.59 | |
incl. | 55 | 63 | 8 | 3.90 | 17 | 0.15 | 0.42 | |
TND-10 | 75 | 0 | 40 | 40 | 0.32 | 3 | 0.40 | 0.23 |
incl. | 15 | 19 | 4 | 0.96 | 12 | 2.17 | 0.37 | |
TND-11 | 120 | 48 | 66 | 18 | 0.56 | 6 | 0.26 | 0.50 |
incl. | 48 | 51 | 3 | 1.21 | 3 | 0.65 | 1.04 | |
incl. | 62 | 64 | 2 | 1.24 | 17 | 0.39 | 0.60 | |
TND-12 | 100 | 28 | 76 | 48 | 0.51 | 9 | 0.24 | 0.84 |
incl. | 36 | 46.5 | 10.5 | 1.20 | 16 | 0.17 | 0.41 | |
incl. | 50 | 71 | 21 | 0.21 | 4 | 0.39 | 1.50 | |
Note: All drill holes were orientated at 45 degrees and intersected zones interpreted to be steeply-dipping to vertical. Additional information is required to determine true widths.
Altan Nar Epithermal Polymetallic-Gold Prospect - Exploration
A broad polymetallic-gold-in-soil anomaly was identified during a regional soil survey which was initiated after the discovery of gold-copper mineralization at the company's Nomin Tal prospect, 2.5 kilometres to the northeast of Altan Nar (as reported in September 7, 2011 press release). Previous scout drilling at Nomin Tal intersected high grade gold and copper mineralization below ancient pits, including 0.5 metres of 13.3g/t gold, 3.0% copper and 26g/t silver. Recent drilling at Nomin Tal has extended the mineralization (0.55 g/t gold, 0.60% copper and 0.07% molybdenum over 3.45 metres) 600 meters north of previous drilling, increasing the strike length of the mineralized structure to 750 metres.
The regional 400 metre-spaced soil survey at Altan Nar, coupled with follow-up soil sampling at 200 metre and 100 metre spacing, has outlined a 3 kilometre by 2 kilometre area with highly anomalous values for gold (up to 1.5 g/t) and lead (up to 2.6%) and associated anomalies for zinc, molybdenum, silver and copper. Follow-up mapping and prospecting has confirmed the presence of multiple prospects, containing gold-bearing epithermal-style quartz veins, within the large soil anomaly at Altan Nar. An IP gradient array survey over the Altan Nar prospect outlined chargeability and associated resistivity anomalies in some instances over 1 kilometre in length, which are proximal to polymetallic-gold-in-soil anomalies and epithermal veins at surface.
Several factors support the significant exploration potential of the Altan Nar area:
Drilling confirms a wide zone (greater than 50 metres) of gold bearing epithermal quartz breccia system in the first target area tested;
Initial drilling has been shallow (less than 85 metre depth) and indicates continuity from surface, in steeply-dipping mineralized zones that are open at depth and along strike to the north and south;
Multiple gold prospects exist within a large (3 kilometres by 2 kilometres) regional target, as defined by soil geochemistry, geophysical surveys (IP and magnetics) and prospecting;
Drilling shows the hydrothermal quartz breccia system can be traced laterally for 100 metres and confirms the correlation between mineralized epithermal quartz breccias and positive IP gradient array and dipole-dipole chargeability anomalies;
The polymetallic geochemical signature (Au-Ag-Pb-Zn-As-Sb-Mo) and style of mineralization, including quartz breccia, comb-quartz and chalcedony veins and stockworks, supports an epithermal origin.
To view a detailed presentation of the Altan Nar polymetallic-gold epithermal prospect, please visit the Featured Items section of our website atwww.erdene.com.
Exploration Plans
Additional in-fill soil sampling to better define the regional extent of the soil anomalies at Altan Nar is underway as well as detailed geological mapping which will further refine the geological setting and controls for the epithermal mineralization. The company is also extending the regional magnetic survey (100 metre line spacing) to aid in interpretation of the geological setting. Additional geophysical work over the central portion of the Altan Nar prospect is currently underway and includes a detailed magnetic survey (25 metre line spacing), an extension of the existing IP gradient array (100 metre line spacing) and additional dipole-dipole IP lines. The expanded geophysical program will be used to refine drill targets for future drill programs. Additional geophysical and soil geochemical information is expected to be received throughout October and early November. Additional drilling is expected to commence on completion of the above work programs.
Real Gold Mining Says Deloitte Resigns as Auditor Over Omissions
Oct. 14 (Bloomberg) -- Real Gold Mining Ltd. (246:HK), a Hong Kong- listed Chinese gold producer halted from trading since May 27, said Deloitte Touche Tohmatsu quit as auditor because the company failed to disclose "material" information.
Deloitte said its report on Real Gold's 2010 earnings isn't reliable because of the omissions, according to a Hong Kong stock exchange filing yesterday. Real Gold said it previously disclosed all matters related to the resignation, is "disappointed" by the accounting firm's departure and is seeking a replacement auditor.
Real Gold has been suspended in Hong Kong since the city's South China Morning Post newspaper said the company may have filed two different sets of accounts. Real Gold was searched by the city's Securities and Futures Commission in August, according to a lawsuit. It has hired an independent forensic specialist to probe company accounts and dealings with controlling stockholder Wu Ruilin.
Regulators and investors have increased scrutiny of Chinese companies traded overseas amid allegations against Longtop Financial Technologies Ltd., Chaoda Modern Agriculture (Holdings) Ltd. and Sino-Forest Corp.
Real Gold said on June 20 it was released from loan pledges made improperly by Wu. The entire issued share capital of Real Gold unit Fubon Industrial Huizhou Co. was pledged as security for loans for non-Real Gold entities controlled personally by Wu.
Connected Purchase
The company also agreed to buy two phosphorus mines in Mongolia from Wu for HK$520 million ($67 million) and loaned him HK$955 million, of which HK$316 million was outstanding on June 30, according to an exchange filing on Aug. 22.
Real Gold said on June 1 the Morning Post's allegations were "inaccurate and untrue," and that it was gathering information to respond to queries by the Hong Kong exchange.
The mining company said on Aug. 25 that Independent Director Wan Kam To, who was leading an internal investigation of the allegations, resigned after disagreeing with the board on the approach, strategy and timing of the probe.
Real Gold's first-half net income increased to 355.2 million yuan ($55.7 million) from 322 million yuan a year earlier.
ROB up 77.78% to 1.6c as of late trading
Robe Australia seeks to acquire coal licence in Gobi Altai Province, south west Mongolia
October 12 (Proactive Investors) Robe Australia (ASX:ROB) has executed an option to acquire a coal exploration licence covering 3,000 hectares in the Gobi-Altai province in south-west Mongolia.
The Tsagaan Gol exploration licence area falls within the Mongol Altai coal district that bears Upper Permian Carbonification.
The licence area is adjacent to the Ar Zuun Gol coking coal exploration area which is being developed by Hunnu Coal (ASX:HUN). Ar Zuun Gol covers 25,640 hectares, and consists of two contiguous exploration licences. Drilling at Ar Zuun Gol is underway, with analysis and modelling to be completed to define JORC resources by the end of 2011.
To acquire Tsagaan Gol, Robe will pay an initial, non-refundable option fee of US$100,000, and has 60 days to undertake due diligence.
Subject to due diligence, the exercise fee for the option is US$400,000, together with 100 million Robe shares, equivalent to 17.98% of the issued capital of Robe, subject to Australian Securities Exchange listing rules.
Robe was formerly a financial services company, however in August this year it finalised the disposal of its subsidiaries and put forward a recapitalisation strategy that would involve the placement of 100 million shares at $0.005 with a free attaching option exercisable at $0.01 on or before December 31, 2014.
The proposed acquisition constitutes a change in the nature of Robe's activities, and as such the company is required to obtain shareholder approval at a general meeting, and to re-comply with Chapters 1 and 2 of the listing rules.
If the transaction is approved by shareholders, the company's securities will be suspended from trading until the requirements of Chapters 1 and 2 have been satisfied.
If the option is exercised, it is likely that a further capital raising will be required to fund further exploration and development of the coal asset.
The board of Robe has advised that if it elects not to exercise the option or the option lapses within the 60 day due diligence time limit, trading in the company's shares will be suspended by the ASX, due to the company not having had sufficient activities since February 2011.
General Mining to strengthen coal prospects with stake in Khuden in Mongolia
October 12 (Proactive Investors) General Mining (ASX:GMM), through its wholly owned Mongolian subsidiary Golden Cross, has signed a letter of offer to acquire an interest in a mining licence covering 51.6 hectares in the central part of the Khuden Coal Deposit in Mongolia.
The Khuden Coal Deposit is located 1 kilometre north of the company's 14404X licence, where it is focused on the prospective carboniferous sedimentary geology.
It is also just 200 metres east of the 15206X licence, which General Mining is acquiring.
The licences form part of General Mining's wholly owned Uvs Basin Project, which is located in the far north-western region of Mongolia, in the territory of Uvs Aimag.
The company holds five exploration licences and one application covering more than 2000 square kilometres.
The prospectivity of General Mining's Uvs licences for coal exploration can be gleaned via the adjacent Khuden Coal Deposit, where Russian category A to C2 coal resources were estimated to a depth of 30 metres based on 1977 drilling and trenching and further extended by diamond drilling in 1984 and 1985.
The company and a syndicate holding the mining licence are currently finalising the terms of a farm-in and joint venture agreement.
The joint venture agreement is conditional upon:
- The completion of legal, technical and regulatory due diligence by Golden Cross;
- The execution by the parties of the joint venture agreement;
- Any necessary approval by the company's shareholders to the entry into and/or completion of the joint venture agreement; and
- Golden Cross raising funds to enable the payment to be completed. The company said it is well advanced in discussions with a potential investor.
The Khuden coal deposit was discovered in 1971 and underwent limited subsequent coal exploration in the 1970s to 1980s which was focused on an 800 metre by 1300 metre area – just outside licence 15206X and General Mining's licences – where several coal seams outcrop amid predominantly sandstone strata.
Most of the Lower Carboniferous geology outside this coal outcropping area remains largely unexplored, including the central part of this basin covered by shallow Quaternary alluvial sediments.
The prospectivity of the wider inter-mountain basin for discovering possible extensions of the gently dipping Khuden black coal seams was suggested by some original historical exploration reports and confirmed by two independent geological reviews commissioned by the company in 2008.
This year General Mining started some preliminary coal exploration in this area including the compilation of all available archival data on the historical coal exploration as well as a field reconnaissance.
Germany, Mongolia seek to develop commodity trade
ULAN BATOR, October 13 (AFP) — ULAN BATOR — Germany and Mongolia signed a deal on Thursday aimed at developing exports of coal, copper and other commodities, as the vast Asian country opens its huge reserves to foreign investors.
German chancellor Angela Merkel, the first leader of an advanced industrialised country to visit in six years, said Europe's biggest economy wanted to forge a "long-term partnership" with the resource-rich nation.
"There is plenty more potential for economic cooperation between our two countries to grow," the German chancellor told journalists in the Mongolian capital Ulan Bator after meeting the president and prime minister.
"I presented Germany as a partner that was keen to develop a durable and equitable long-term relationship."
Merkel, in Mongolia with a large business delegation, said the framework agreement signed Thursday -- details of which would be fleshed out in the coming months -- would include rare earths and copper.
German firms had said they were keen to conclude agreements in Mongolia on rare earths, substances that are critical for the manufacturing of items including iPods, low-emission cars, wind turbines and missiles.
Merkel said Prime Minister Sukhbaatar Batbold had expressed interest in German technology relating to the exploration of copper and other minerals including rare earths.
Mongolia is hoping to stimulate growth and pull people out of poverty in the mineral-rich but still underdeveloped country and Batbold said German technology would allow his country to develop its fast-growing economy.
"We don't want to export just raw materials. German technology will help us develop our resources," he said at a joint press conference with Merkel.
"I am very happy that we have made agreements in mining and development. We especially appreciate high-quality German technology."
The German chancellor, who arrived in Ulan Bator late Wednesday from Vietnam, is the first leader of a G7 country to visit Mongolia since former US president George W. Bush in 2005.
During her visit, German firms including mining giant BBM Operta and engineering company Siemens signed deals to develop Mongolia's Tavan Tolgoi, the world's largest untapped coal deposit.
The chancellor's visit came weeks after Germany's courts released a top Mongolian security official extradited from Britain to Germany on suspicion of kidnapping a crime suspect.
Bat Khurts was freed last month after German prosecutors lifted a custody order. He was accused of kidnapping a Mongolian murder suspect and abducting him from Germany in May 2003.
His extradition to Germany sparked anger in Ulan Bator, which accused Britain of luring Khurts to London to arrest him.
Merkel began her Asian trip in Vietnam after holding weekend talks with French President Nicolas Sarkozy aimed at calming Europe's economic storm.
On Wednesday the German chancellor predicted a eurozone bailout fund would be ratified this month despite rejection by Slovakia, and said all of Europe must help fight the crisis.
Related:
Resources for know-how: Merkel's visit seals deals in Mongolia – Deutsche Presse-Agentur, October 13
German chancellor discuses investment in Mongolia – Deutsche Welle, October 13
Mongolia, Germany pledge to develop comprehensive partnership – Xinhua, October 13
Mongolian Murder Mystery
Release of Alleged Spy Angers German Investigators
Only weeks before German Chancellor Angela Merkel's visit to Ulan Bator, a court in Germany ruled that a Mongolian official detained as part of an investigation into an illegal kidnapping must be released. Criminal investigators here say the decision was "removed from reality" and "counterproductive".
October 12 (Spiegel Online) Official visits between heads of state, worldwide, follow strict protocols and schedules determined far in advance. That means the schedule on Thursday, when German Chancellor Angela Merkel carries out the official part of her visit to Mongolia, is already common knowledge. First, the Mongolian prime minister will welcome the chancellor to Ulan Bator, the capital, with military honors. Then she is scheduled to meet with Mongolia's president, followed by lunch with the prime minister.
In between, scheduled for precisely 10:15 a.m., comes the signing of a trade agreement. Mongolia, once the heart of Genghis Khan's empire, is considered a highly attractive emerging market, with a small population but large reserves of coal, iron ore, copper and gold. Berlin provides development aid totaling around €25 million ($34 million) annually.
That provides a number of conversation topics during a visit that will last only a few hours, meaning there likely won't be time to discuss the case of Bat Khurts, the head of Mongolia's National Security Council. The case, which played out across France, Belgium, Great Britain and Germany, reads like a political murder mystery. And it caused a battle between the highest institutions in German jurisprudence: the Federal Prosecutor's Office and the Federal Court of Justice.
Like any murder mystery, it began with a killing.
On Oct. 2, 1998, in Ulan Bator, a masked duo, or perhaps an entire gang, broke into the home of Sanjasuuren Zorig, the country's young infrastructure minister, a leading member of the Democratic Union and a man with an excellent shot at becoming prime minister. The attackers killed Zorig, 36, by stabbing him and striking him with an axe. The brutal crime served as a setback to the country's fledgling democracy movement. The former communist party, MPRP, returned to power with a promise to track down the murderers, presumably hoping to gain favor with the people. In other words, they needed to find a guilty party.
A Spook at the Center
The man who came under suspicion -- or toward whom suspicion was directed -- was Enkhbat Damiran, who was 43 at the time. If the account of Mongolian authorities is to be believed, he was sent to a penal colony as a teenager and later to prison for theft, assault and fraud. He was released in late July 1998, they say, two months before Zorig's murder. In 2000, and this much has been confirmed: Damiran immigrated to Germany with his family. In 2002, he moved to France and applied for asylum there under an assumed name. Around this time, Mongolia's Interpol branch began searching for him again -- though not in relation to the Zorig case, according to German investigators.
When these police actions proved unsuccessful, Mongolian authorities came up with another idea: abduct Damiran and pin the political murder on him back home. It's unclear who precisely gave the order to do so. Mongolia's attorney general and the former ambassador to Berlin later claimed the country's intelligence agency acted alone.
That's a curious defense, given the body of evidence -- and this is where Bat Khurts comes into the picture. According to investigations by two German institutions, the Federal Office of Criminal Investigation and the Federal Prosecutor's Office, it is believed that Khurts was an intelligence agent for Mongolia, although he was officially working as First Secretary at the Mongolian Embassy in Budapest.
Two women, one of whom knew Damiran personally, allegedly led Khurts to him in May 2003, in the northern French port city of Le Havre. Damiran was lured into a trap, overpowered, drugged and brought first to Brussels, and then to Berlin. On May 18, his abductors flew him out of Germany on a jet belonging to the Mongolian national airline, MIAT. They presented him to airport border guards as a Mongolian minister who had gotten into a fight in Brussels and urgently needed to be brought back home. According to witness testimony, Shirbazar Altansukh, consul at the Mongolian Embassy in Vienna, contrived this story. Altansukh was later removed from his post. The embassy declined to comment on the matter to SPIEGEL.
Legally speaking, Damiran's ordeal up to this point could be defined as nothing more than false imprisonment and assault. But German federal prosecutors classified what followed in Ulan Bator as a "Verschleppung," the German word that, in legal terms, is used to mean a specific type of abduction driven by political motives. As an offense against national security, this fell under the jurisdiction of the Federal Prosecutor's Office.
In Ulan Bator, Damiran was told to confess to Zorig's murder and to name who had hired the hit, perhaps a prominent politician from Zorig's party. Damiran insisted he'd had nothing to do with the crime. He insisted it once, twice and a third time.
Masked men sat in front of him, Damiran said in describing one interrogation, and "two civilians with guns stood behind me. I was shaking." He said he was so weak that he fell from his chair many times, and he also described a mock execution in the woods near the capital.
'The Charges Were Clearly Invented'
Damiran had his defense attorney, Lodoisambuu Sanjaasuren, to thank for making a record of these statements. Sanjaasuren smuggled a video camera into the cell and recorded his client's statements, in a video of just under 40 minutes. On Sept. 27, 2003, about four months after Damiran's forcible return to his homeland, the Mongolian private TV channel 25 broadcast the video.
Soon after, the country's attorney general dismissed the murder charge against Damiran, on grounds that there was no incriminating proof. Viennese law professor Manfred Nowak reinvestigated the case on behalf of the United Nations and reached the same conclusion but with different reasons. The case was dropped, Nowak believes, "because the charges were clearly invented."
However, Damiran remained in custody. As a result of the TV broadcast of his statements, he was then charged with betraying state secrets, for which he was sentenced to three years in prison. Critically ill, he was released on April 17, 2006, and died only five days later.
His family has since filed charges with the French police, who turned the case over to the Germany's Federal Office of Criminal Investigation (BKA) in Karlsruhe. The BKA in turn engaged the Federal Prosecutor's Office, and the investigating judge at the Federal Court of Justice issued a warrant that soon went into effect across Europe.
Agent Khurts was now a German case, file number 1 BGs 13/2006. By then the head of Mongolia's National Security Council, Khurts arrived at London's Heathrow Airport on Sept. 17, 2010, for diplomatic talks in Britain, only to be arrested at passport control. He claims he was lured into a trap, and should be protected by diplomatic immunity as well. Two different courts rejected both of these arguments. After 10 months in custody, Khurts was extradited to Germany, arriving in Berlin on August 19 of this year.
Release Criticized by Prosectutors
Soon, though, the Federal Court of Justice released Khurts at the request of his defense attorneys, Frankfurt lawyer Egon Geis and his Berlin colleague Rolf-Werner Bock. Geis maintained his client had "tracked down Damiran and brought him to Berlin, nothing more." The judges at the court's Third Criminal Division declared that the attack on Damiran hadn't been "Verschleppung," the type of abduction charged, since the "injured party wasn't facing political persecution." Even then, the ruling continued, it wouldn't have qualified as "Verschleppung" if there was "danger that the foreign state would ... resort to means which are unacceptable from a legal point of view and which would endanger the victim in life and limb."
Observers of Germany's justice system have long been aware of in-fighting between the court division responsible for state security and the Federal Prosecutor's Office. The ruling on Khurt's case, sources with knowledge of the investigation say, was not only "removed from reality," but also "counterproductive."
Upon arrival in Ulan Bator two weeks ago, the long-detained secret agent was met by TV teams, and the deputy foreign minister shook his hand. British newsmagazine The Economist commented wryly that many in Mongolia likely believe Khurt's release "is a goodwill gesture intended to smooth Mrs. Merkel's way" during her upcoming visit.
Coal industry officials to meet in Ulaanbaatar
October 13 (news.mn) The fourth conference of the Mongolian coal industry's managing officials will soon be held at the Bishrelt Hotel in Ulaanbaatar.
Head of the Mineral Resources Authority D.Batkhuyag will open the conference and Mineral Resources and Energy Minister D.Zorigt will take part in it.
The head of the ministry's fuel policy board, A.Erdenepurev, and the head of the authority's coal research department, S.Altankhuyag, will read papers on topics related to Mongolia's coal industry.
Managing officials of coal mining companies will also give speeches on the achievements of and challenges facing the coal mining sector.
Mineral Resources and Energy Deputy Minister B.Ariunsan, some MPs, and representatives of the Parliament Office and the National Development and Reform Committee will answer questions.
CABINET WANTS TO ISSUE RESOLUTION ON OIL PROCESSING STATE-OWNED COMPANY
October 14. Ulaanbaatar, Mongolia, /MONTSAME/ The Cabinet decided Wednesday to issue a resolution on setting up an oil processing industry.
As calculations say, the industry, planned in Darkhan-Uul province, will have a capacity of processing some two million ton of oil every year.
The cabinet decided not to promise any financial guarantee.
The industry is supposed to produce 44 thousand barrels of oil a day.
The production will satisfy high quality international standards, be harmless to ecology and people health.
CONCESSION LIST TO BE UPDATED
October 14. Ulaanbaatar, Mongolia, /MONTSAME/ The Cabinet meeting on Wednesday decided to update a "State property concessionary clauses list", approved by government's 198th resolution July 21 of 2010.
Such a need has arisen due to constructing of the 5th thermal power station in Ulaanbaatar and another station in Dornod aimag.
According to changes, the 5th station will be through international open competitive selection based on a principle "To build-use-transfer", as was advised by the National security council of Mongolia.
In Dornod aimag, the power station with 100 megabyte capacity will be built on terms of "To build-use-transfer" but with no tender. The projects have many advantages such as developed infrastructure of auto- and railways, spare areas for construction, location near to coal and water resources, and some 500 professionals.
INDUSTRIAL OUTPUT INCREASES
October 13. Ulaanbaatar, Mongolia, /MONTSAME/ In the first nine months of 2011, a total industrial output increased by MNT 129.5 billion or 9.7 per cent to MNT 1,470.6 billion (at 2005 constant prices) against the previous year.
The increase in the industrial output was mainly due to 4.4 per cent to 2.2 times increases in mining and quarrying products such as crude oil, coal and iron ore; and 1.2 per cent to 10.8 times increases in industrial main products of manufacturing sector such as fruit compote, bread, knitted goods, combed down, juice, sausages, alcohol, beer, cement, briquette, cigarettes, soft drinks, carpet and electrical conductor wire.
In the first nine months of this year at national level, there were constructions and installation works costing MNT 258.1 billion, increasing MNT 114.4 billion or 79.6 per cent against the previous year.
EXTERNAL TRADE TURNOVER REACHES USD 8,308.0 MILLION
October 13. Ulaanbaatar, Mongolia, /MONTSAME/ In the first nine months of 2011, Mongolia traded with 120 countries, where a total external trade turnover reached USD 8,308.0 million--exports USD 3,481.7 million and imports USD 4,826.3 million.
External trade balance showed a deficit of USD 1,344.6 million that period, increasing USD 1,104.5 million or 5.6 times against the previous year.
External trade balance showed a deficit of USD 42.4 million in September of 2011, decreasing USD 11.7 million or 21.6 per cent from USD 54.1 million deficit of September 2010.
Total external trade turnover increased USD 4,051.6 million or 95.2 per cent against the previous year, of which imports went up by USD 2,578.0 million or 2.1 times, and exports--by USD 1,473.6 million or 73.4 per cent.
BANK OF MONGOLIA REPORTS
October 13. Ulaanbaatar, Mongolia, /MONTSAME/ According the Bank of Mongolia, a money supply (broad money or M2) at the end of September 2011 reached MNT 6,063.9 billion, increasing MNT 150.7 billion or 2.5 per cent against the previous month, and by MNT 2212.2 billion or 57.4 per cent against the previous year.
The currency put into circulation reached MNT 705.3 billion, decreasing MNT 0.5 billion or 0.1 per cent against the previous month and increasing MNT 252.7 billion or 55.8 per cent against the previous year.
Loans outstanding at the end of September 2011 amounted to MNT 5,060.4 billion, increasing by MNT 189.6 billion or 3.9 per cent compared to the previous month, and by MNT 1,975.0 billion or 64.0 per cent against the previous year.
Principals in arrears reached MNT 60.5 billion, decreasing MNT 6.5 billion or 9.7 per cent against the previous month, and by MNT 15.3 billion or 20.2 per cent against the previous year.
At the end of September 2011, the non-performing loans over the bank system reached MNT 357.3 billion, decreasing MNT 18.6 billion or 4.9 per cent against September, and by MNT 53.9 billion or 13.1 per cent against 2010. There were 22 trading days and 32.0 million shares valued at MNT 5.4 billion were sold.
PREMIER: MONGOLIA HAS BIGGEST EVER HARVEST
October 11. Ulaanbaatar, Mongolia, /MONTSAME/ This year the country has harvested 433.4 thousand tons of grain, 191.5 thousand tons of potatoes and 97.2 thousand tons of vegetables, breaking a record in the volume of harvest.
About it said T.Badamjunai, a Minister of Food, Agriculture and Light Industry, at a press conference Monday.
"Such results have been reached thanks to the cabinet's good policy," T.Badamjunai said and thanked the Premier on behalf of himself and all agrarians.
S.Batbold PM attached an importance to the all year round supply of the people with own high quality grain, potatoes and vegs, and said this is not only a matter of Mongolia's security, but also is a guarantee of the development.
The Premier stressed that now the agrarians must focus on the harvest transportation and fresh products delivery, and promised to give financial support to these works. Then Batbold PM said Selenge province has the biggest ever harvest--some 214 thousand tons of grain.
RESOLUTION SUBMITTED TO PARLIAMENT ON OPENING DIPLOMATIC MISSION IN ITALY
October 12. Ulaanbaatar, Mongolia, /MONTSAME/ The Minister of Foreign Affairs G.Zandanshatar submitted Wednesday a draft resolution to the Speaker on establishing a diplomatic mission of Mongolia in Italy.
The Minister considers that it will help develop the relations and cooperation with this country, one of the biggest members of the European Union (EU) and the "G-8".
"Forwarding the ties with Italy is really satisfies Mongolia's 'Third Neighbor' policy and the national interests," Zandanshatar underlined. Opening of the mission is to have a vital importance in exporting agricultural raw materials to this country and in introducing here Italian techniques and technologies for mining and manufacturing sectors.
Mongolia established the diplomatic relations with Italy in 1970. As of present, some 40 entities of Italy have been running business here, and they have made investments of over USD 15 million.
Korean, American firms to supply equipment for 2012 election
October 13 (news.mn) The Standing Committee on State Structure postponed discussion of a draft election law on Wednesday because of a working group meeting on the subject also taking place that day.
However, the committee did discuss a draft law on local settlements' election and a draft law on the president's election, the latter of which was included in the law on budget stability passed by Parliament on June 24, 2010.
The draft law on local settlements' election would regulate the balloting and tabulation of results, as well as address the financing of the election from state and local sources.
The head of the Election General Committee (EGC), N.Luvsanjav, said the 2011 state budget allocated MNT 24 billion to purchase electronic voting technology for the 2012 election. The EGC has worked with the General Authority for State Registration; Central Intelligence Service; Information, Communications Technology and Post Authority, and Communication Offices to choose voting devices.
He said that after bids were received, South Korea's LS Cable & System and Miru Data System were chosen to supply voting equipment, and the U.S. firm ES & S LLC to supply vote tabulation equipment.
Hyatt Signs Management Agreements for Two Hyatt-Branded Hotels in Mongolia
CHICAGO, October 12 (EON: Enhanced Online News) -- Hyatt Hotels Corporation (NYSE:H) announced today that the introduction of its Hyatt Place® and Hyatt HouseTM brands in Asia with the signing of management agreements by Hyatt affiliates for two Hyatt Place hotels and one Hyatt House hotel in Shanghai. The company also announced that Hyatt affiliates signed management agreements for eight additional full service hotels in China, bringing the total of announced Hyatt-branded hotels under development in China to 32.
…
Mongolia:
Hyatt also announced today that it has signed management agreements for the first two Hyatt-branded hotels in Mongolia.
Hyatt Regency Ulaanbaatar
Less than a mile from Sukhbaatar Square, considered to be the center of the city, and adjacent to the Dund River, this hotel will have 259 rooms, including 43 suites and 22 serviced apartments, two specialty restaurants, a tea room, and a sky bar and lobby. The hotel, in Mongolia's largest city and its capital, will be the center piece of MAK Tower mixed use project and is expected to open in 2014. The hotel will be located 8 miles from the airport and will have 23,166 square meters of meeting and event space.
Hyatt Regency Ulaanbaatar Turtle Rock
Located within Terelj National Park 25 miles from Ulaanbaatar, adjacent to Turtle Rock, and at the foot of Khentii Mountains, this resort hotel will have 131 rooms, including 19 suites, and 30 traditional Mongolian Gers. Near-by attractions include the glacial Khagiin Lake, Yestii Hot Springs, a Buddhist Monastery, and over 250 species of birds. The hotel, expected to open in 2015, will have 8,988 square meters of meeting and event space, a spa, fitness center and indoor pool.
U.S. Ambassador to Mongolia to speak about Bellingham's newest sister city (Tsetserleg)
BELLINGHAM, October 12 (Bellingham Herald) - Bellingham will celebrate the addition of its seventh sister city, Tsetserleg, Mongolia, with a public presentation by the U.S. ambassador to Mongolia on Sunday Oct. 16.
Jonathan Addleton will speak about Mongolian culture and the meaning of the new relationship between Bellingham and Tsetserleg at 11 a.m. in the Rotunda Room of Whatcom Museum's Old City Hall, 121 Prospect St.
Members of the not-for-profit Bellingham Sister Cities Association traveled to Tsetserleg to formalize the relationship.
Bellingham has other sister cities in Japan, Chile, Russia, Australia, South Korea and Finland.
Goats and gers as Mongolia embraces tourism
Gobi Desert, October 13 (Reuters) - The carcass of a freshly slaughtered goat lies under the bed in a nomadic family's ger in Mongolia as the sleeping bags of visitors are rolled out on the floor next to its remains. Its head, with fur and horns intact, lolls in a corner by the door.
The temperature is near freezing, but the felt-lined, wood-lattice structure provides shelter from the blustery winds of the Gobi Desert. The thick portable tent of the typical nomadic home traps both heat and the gamey smells of mutton boiling on the stove and strips of meat hung from the ceiling.
Milk in a large cloth sack is left to strain into a metal bucket nearby.
While the Mongolian government relies on the country's resources such as gold, copper, coal and other minerals to attract foreign investment, some of its nomadic population are offering homestays to supplement their rural incomes, capitalizing on the opening up of their country.
"We are happy to let visitors stay in our ger. In Mongolia, we can drop in on friends and people can visit us without any notice," said Tovshinto Vaanchig, a 51-year-old horse herder who also owns sheep and goats.
But getting to the homestays, often in the herders' own one-room gers, remains tough.
Visitors must endure hours in four-wheel drives on bumpy terrain across sweeping steppes. The landlocked country remains in a time warp, with many of its people living side-by-side with animals and retaining old traditions.
The Gobi Desert, which spans northwestern China and southern Mongolia, is notable in history as part of the great Mongol Empire and the Silk Road. More recently, the desert has been a treasure trove for anthropologists and miners.
Tour guide Oyunbolor Demberel and her father Demberel Otgon rely on tourists who want to see the unspoilt natural wonder of the Gobi's sand dunes, mountains and steppes for work during a few months each year from May to September.
"I am happy to be on the road several months of the year when I have the chance to meet foreigners and take them around the Gobi," said the 72-year-old Otgon, who used to be a government accountant but now freelances with tour agencies.
CAMEL COUNTRY, WILD HORSES
After a few hours of driving around a region of the desert inhabited by horse herders, Otgon finds a family who have suitably calm, wild horses for tourists. Mongolian children learn to race these small horses when they are about six years old and many are expert riders who use no saddle.
Apart from horses, cows, goats and sheep, Mongolia's herding economy depends on the hardy, two-humped Bactrian camel which is indigenous to Central Asia.
Enktuya Borokhin, 52, is the matriarch of a camel-herding family. She moved six weeks ago to find pasture for 400 animals and will relocate again in a month in search of better shelter for winter. The Gobi has extreme temperatures, from minus 40 degrees Celsius in winter to more than 40 degrees in summer.
Borokhin's tourist ger is spartan but the walls are decorated with colorful cotton cloth from China. The family moves their only stove into the ger for guests and end up cooking all their hot meals with their visitors.
The daily staple is meat, such as mutton and goat, although Mongolians also seat camel, horse and beef. Milk tea is commonly served with curd and fried biscuits.
They cook a stew by candlelight. As night falls, the camp eases into sleep, lulled by sounds from braying camels to barking dogs.
Borokhin is up at dawn when the sun pokes through the horizon in a soft haze of pink.
Her daughter Gantsetseg skillfully lines up goats for milking behind the gers. The necks of the animals are tied with rope woven so that they are lined up in two rows facing one another. The milk, cheese and other animal produce, including wool, are sold.
Borokhin says she is pleased that three of her children are studying agriculture and technology in the city, while three others have chosen to live in the countryside as herders.
CITY OPPORTUNITIES, COUNTRY LIFE
"My children have new opportunities in the city but in the country we can live off the animals and the land," she said.
Mongolia does not manufacture substantial amounts of finished goods and cannot sustain economic growth without significant exports of resources to neighboring countries. People who move to the capital Ulan Bator are hard pressed to find work and unemployment is a problem.
Bordering Russia and China, Mongolia has a population of about 2.8 million, with less than half living a nomadic life. It is one of the most sparsely populated countries in the world and does not have the skill base, the capital nor the capacity to carry out large mining projects without foreign investment.
Tourism is also hamstrung by poor infrastructure.
"I earned good money when I worked for a mining company doing data entry, but these jobs are hard to come by," said tour guide Demberel, 35.
"We hear stories of people who have found gold and now everyone hopes they too can find gold. The big cars in the cities are owned by those people in mining," she said.
Even as Mongolia looks forward, the past remains close in the form of legendary warrior Genghis Khan, who established the Mongol empire in 1206. His name is on everything from the capital's airport to postcards and vodka.
"We don't have much but we are a rich country with a long history. In Mongolia, we say that Chinggis Khaan is still feeding us," Demberel added.
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 4,244.50 | 40.2002 | 0.96% | 4,216.60 | 4,256.10 | 4,204.30 | - | 13-Oct | ||||
Nikkei 225 | 18,757.81 | 428.35 | 2.34% | 18,601.65 | 18,758.74 | 18,453.05 | - | 13-Oct | |||||
Hang Seng | 8,823.25 | 84.3496 | 0.97% | 8,832.81 | 8,854.16 | 8,808.73 | - | 13-Oct | |||||
FTSE 100 | 5,403.38 | -38.4199 | -0.71% | 5,441.80 | 5,456.09 | 5,368.37 | - | 13-Oct | |||||
TSX Composite | 11,911.89 | -118.07 | -0.98% | 11,990.52 | 12,029.91 | 11,830.04 | - | 13-Oct | |||||
S&P 500 | 1,203.66 | -3.58997 | -0.30% | 1,206.96 | 1,207.46 | 1,190.58 | - | 13-Oct | |||||
ASX | Aspire Mining | A$ | 0.46 | 0.015 | 3.37% | 0.455 | 0.46 | 0.445 | 1,091,830 | 13-Oct | -4.17% | 228.57% | |
Blina Minerals | A$ | 0.016 | 0.003 | 23.08% | 0.014 | 0.017 | 0.014 | 16,727,608 | 13-Oct | 6.67% | 0.00% | ||
C@ | A$ | 0.08 | 0.001 | 1.27% | 0.08 | 0.083 | 0.078 | 4,431,608 | 13-Oct | 185.71% | 344.45% | ||
General Mining | A$ | 0.15 | 0.01 | 7.14% | 0.155 | 0.155 | 0.15 | 545,000 | 13-Oct | 25.00% | -9.09% | ||
Guildford Coal | A$ | 1.055 | -0.005 | -0.47% | 1.075 | 1.08 | 1.03 | 279,156 | 13-Oct | 44.52% | 106.86% | ||
Haranga Resources | A$ | 0.21 | 0 | 0.00% | 0.215 | 0.215 | 0.21 | 169,400 | 13-Oct | -67.19% | |||
Hunnu Coal | A$ | 1.75 | 0.005 | 0.29% | 1.74 | 1.75 | 1.74 | 7,869,834 | 13-Oct | 31.09% | 96.63% | ||
Mongolian Res Corp | A$ | 0.26 | 0 | 0.00% | 0.25 | 0.26 | 0.25 | 0 | 30-Sep | ||||
Robe Australia | A$ | 0.016 | -0.002 | -11.11% | 0.018 | 0.019 | 0.015 | 4,551,018 | 13-Oct | 71.12% | 168.91% | ||
TVN Corp. | A$ | 0.053 | 0.002 | 3.92% | 0.053 | 0.054 | 0.051 | 3,666,484 | 13-Oct | 430.00% | |||
Voyager Resources | A$ | 0.094 | 0.003 | 3.30% | 0.093 | 0.096 | 0.092 | 11,744,968 | 13-Oct | 75.29% | 155.83% | ||
Xanadu Mines | A$ | 0.4 | 0 | 0.00% | 0.395 | 0.4 | 0.395 | 112,186 | 13-Oct | -29.20% | |||
HKEx | Solartech Int'l | HKD | 0.195 | 0.017 | 9.55% | 0.18 | 0.199 | 0.18 | 9,455,800 | 13-Oct | -79.69% | -75.63% | |
Winsway | HKD | 2.25 | 0.26 | 13.07% | 2.07 | 2.26 | 2.05 | 21,456,700 | 13-Oct | -49.93% | -34.87% | ||
SouthGobi Resources | HKD | 60.3 | 2.5 | 4.33% | 58.85 | 60.85 | 58.85 | 59,050 | 13-Oct | -39.40% | -19.60% | ||
China Gold | HKD | 25.1 | 1 | 4.15% | 25.5 | 26 | 24.9 | 140,100 | 13-Oct | -40.24% | |||
CNNC Int'l | HKD | 2.16 | 0.11 | 5.37% | 2.2 | 2.2 | 2.05 | 870,000 | 13-Oct | -75.17% | -69.36% | ||
Mongolia Energy | HKD | 0.7 | 0.05 | 7.69% | 0.67 | 0.73 | 0.67 | 49,572,071 | 13-Oct | -69.83% | -78.19% | ||
Zijin Mining | HKD | 3.18 | 0.23 | 7.80% | 3.11 | 3.22 | 3.06 | 71,776,218 | 13-Oct | -32.59% | -38.08% | ||
Mongolia Inv Group | HKD | 0.053 | 0.003 | 6.00% | 0.054 | 0.054 | 0.051 | 10,338,000 | 13-Oct | -64.19% | -67.88% | ||
North Asia Resources | HKD | 0.44 | 0 | 0.00% | 0.43 | 0.44 | 0.43 | 90,000 | 13-Oct | -51.65% | -70.27% | ||
China Daye Non-Fer. | HKD | 0.4 | -0.005 | -1.23% | 0.405 | 0.42 | 0.385 | 12,444,000 | 13-Oct | -28.57% | -14.89% | ||
Bestway Int'l | HKD | 0.045 | 0.004 | 9.76% | 0.043 | 0.045 | 0.042 | 645,000 | 13-Oct | -68.09% | -71.70% | ||
Asia Coal | HKD | 0.11 | 0 | 0.00% | 0.11 | 0.11 | 0.11 | 0 | 13-Oct | -56.00% | -57.69% | ||
Mongolian Mining | HKD | 7 | 0.34 | 5.11% | 6.78 | 7.23 | 6.77 | 5,505,200 | 13-Oct | -22.82% | -4.76% | ||
SGX | LionGold | SGD | 0.86 | -0.005 | -0.58% | 0.865 | 0.87 | 0.86 | 8,601,000 | 13-Oct | 17.81% | 107.23% | |
LSE | Central Asia Metals | GBp | 68 | 0 | 0.00% | 68 | 68 | 68 | 0 | 13-Oct | -24.65% | -30.79% | |
Petro Matad | GBp | 33.5 | 0 | 0.00% | 33.5 | 33.5 | 33.5 | 77,452 | 13-Oct | -72.54% | -76.66% | ||
Metal-Tech | GBp | 5.5 | 0 | 0.00% | 5.5 | 5.5 | 5.5 | 25,000 | 13-Oct | -64.52% | -57.69% | ||
Origo Partners | GBp | 31.5 | 2.75 | 9.57% | 28.75 | 31.5 | 28.75 | 330,894 | 13-Oct | -23.17% | -1.56% | ||
North America | Aberdeen Int'l | CAD | 0.62 | -0.12 | -16.22% | 0.7 | 0.72 | 0.61 | 371,855 | 13-Oct | -23.33% | 17.85% | |
Blue Zen Mem. Parks | CAD | 0.16 | 0 | 0.00% | 0.16 | 0.16 | 0.16 | 0 | 7-Oct | ||||
Centerra Gold | CAD | 19.6 | -0.64 | -3.16% | 20.21 | 20.21 | 19.35 | 559,668 | 13-Oct | 0.90% | 4.54% | ||
China Gold | CAD | 3.28 | -0.07 | -2.09% | 3.35 | 3.36 | 3.21 | 235,989 | 13-Oct | -39.59% | -33.20% | ||
Denison Mines | CAD | 1.21 | -0.07 | -5.47% | 1.25 | 1.26 | 1.17 | 1,425,578 | 13-Oct | -64.52% | -35.98% | ||
Denison Mines | $ | 1.19 | -0.05 | -4.03% | 1.23 | 1.24 | 1.14 | 936,851 | 13-Oct | -65.20% | -36.70% | ||
East Asia Minerals | CAD | 0.62 | -0.01 | -1.59% | 0.63 | 0.64 | 0.59 | 371,055 | 13-Oct | -92.29% | -91.45% | ||
Entree Gold | $ | 1.62 | -0.02 | -1.22% | 1.62 | 1.67 | 1.62 | 19,950 | 13-Oct | -53.18% | -44.52% | ||
Erdene Resource | CAD | 0.55 | 0.01 | 1.85% | 0.54 | 0.58 | 0.54 | 842,730 | 13-Oct | -55.65% | 11.11% | ||
Entree Gold | CAD | 1.66 | 0 | 0.00% | 1.71 | 1.71 | 1.66 | 13,772 | 13-Oct | -52.16% | -42.96% | ||
Fortress Minerals | CAD | 4 | 0 | 0.00% | 4 | 4 | 4 | 0 | 11-Oct | -8.05% | 25.00% | ||
Garrison Int'l | CAD | 0.025 | 0 | 0.00% | 0.025 | 0.025 | 0.025 | 0 | 3-Oct | -72.22% | -64.29% | ||
Gulfside Minerals | CAD | 0.06 | -0.025 | -29.41% | 0.07 | 0.07 | 0.06 | 13,000 | 13-Oct | -36.84% | -60.00% | ||
Green Tech Solutions | $ | 0.1125 | -0.0125 | -10.00% | 0.125 | 0.125 | 0.11 | 42,398 | 13-Oct | ||||
Ivanhoe Energy | CAD | 1.45 | 0.28 | 23.93% | 1.18 | 1.47 | 1.14 | 1,012,728 | 13-Oct | -46.69% | -38.82% | ||
Ivanhoe Energy | $ | 1.41 | 0.23 | 19.49% | 1.18 | 1.44 | 1.12 | 3,143,048 | 13-Oct | -48.16% | -40.25% | ||
Ivanhoe Mines | CAD | 17.26 | 0.27 | 1.59% | 16.9 | 17.29 | 16.54 | 1,523,804 | 13-Oct | -24.96% | -28.26% | ||
Ivanhoe Mines | $ | 16.87 | 0.19 | 1.14% | 16.5 | 16.96 | 16.131 | 4,652,226 | 13-Oct | -26.40% | -29.32% | ||
Kincora Copper | CAD | 0.22 | -0.08 | -26.67% | 0.22 | 0.22 | 0.22 | 10 | 13-Oct | -18.52% | 109.52% | ||
Khan Resources | CAD | 0.25 | 0 | 0.00% | 0.25 | 0.25 | 0.23 | 0 | 12-Oct | -47.92% | -34.21% | ||
Long Harbour | CAD | 0.16 | 0 | 0.00% | 0.16 | 0.16 | 0.16 | 0 | 7-Oct | ||||
Lucky Strike | CAD | 0.67 | -0.01 | -1.47% | 0.67 | 0.68 | 0.67 | 32,000 | 13-Oct | -53.79% | 272.22% | ||
Meritus Minerals | CAD | 0.04 | 0 | 0.00% | 0.04 | 0.04 | 0.04 | 6,000 | 13-Oct | -80.00% | -91.11% | ||
Manas Petroleum | $ | 0.2 | 0 | 0.00% | 0.2 | 0.2 | 0.19 | 36,647 | 13-Oct | -66.67% | -61.54% | ||
Blue Wolf Mongolia | $ | 9.58 | 0 | 0.00% | 9.65 | 9.65 | 9.58 | 0 | 13-Sep | ||||
Blue Wolf Mongolia | $ | 10.25 | 0 | 0.00% | 10.25 | 10.25 | 10.25 | 0 | 12-Oct | ||||
Manas Petroleum | CAD | 0.18 | 0 | 0.00% | 0.18 | 0.18 | 0.18 | 0 | 11-Oct | ||||
Prophecy Coal | CAD | 0.495 | -0.025 | -4.81% | 0.51 | 0.51 | 0.485 | 134,840 | 13-Oct | -42.75% | 4.09% | ||
Puget Ventures | CAD | 0.49 | 0 | 0.00% | 0 | 17-Sep | |||||||
SouthGobi Resources | CAD | 7.75 | 0.17 | 2.24% | 7.73 | 7.81 | 7.65 | 106,537 | 13-Oct | -36.37% | -21.16% | ||
Solomon Resources | CAD | 0.08 | 0 | 0.00% | 0.08 | 0.08 | 0.08 | 0 | 12-Oct | -62.79% | -80.25% | ||
Wedge Energy | CAD | 0.015 | 0 | 0.00% | 0 | 3-Aug | |||||||
Mongolia Growth Group | CAD | 4.75 | 0 | 0.00% | 4.73 | 4.75 | 4.64 | 25,050 | 13-Oct |
---
"Mogi" Munkhdul Badral
Senior Client Manager / Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
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Central Tower · 12th Floor · Left Wing · 2 Sukhbaatar Square
Sukhbaatar District 8 · Ulaanbaatar 14200 · Mongolia
CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
Disclosure/Disclaimer
CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.
CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.
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