CPSI NewsWire brings you market updates on Mongolia, compiled by CPS International, a Mongolian marketing arm of CPS Securities, a Perth, WA based stockbroking and corporate advisory firm, specialising in capital raising for mining and junior stocks.
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IVN closed -6.64% in Toronto, -5.99% in NY
Rio, Ivanhoe in show of solidarity on Oyu Tolgoi
October 3 (Dow Jones) IVANHOE Mines (NYSE:IVN, TSX:IVN) said it and Rio Tinto have formally advised the Mongolian government they aren't prepared to renegotiate the investment agreement governing the massive Oyu Tolgoi copper-gold project.
The companies were responding to a letter received late last week from the Mongolian government inviting them to discuss potential changes to the agreement.
It's a show of solidarity from the two miners after tensions brewed between them recently over how to respond to the expected request Mongolia be allowed to raise its stake in Oyu Tolgoi to 50 per cent from 34 per cent earlier than originally planned.
Ivanhoe confirmed in its letter the government wanted to discuss an additional 16 per cent interest in the project as well as the application of a sliding-scale royalty to the project. Under the 2009 investment agreement, the Mongolian government has an option to increase its stake in the project to 50 per cent, but only once the initial 30-year term on the agreement expires.
Ivanhoe said it and Rio have also written to the individual members of Mongolia's National Security Council requesting the council's help in ensuring the government's "full support" for the 2009 investment agreement.
The National Security Council of Mongolia includes the President, the Speaker of the Parliament and the Prime Minister.
Ivanhoe holds the majority 66 per cent interest in Oyu Tolgoi, which is expected to be one of the world's largest mines when fully operational. Rio, which last week bumped up its stake in Ivanhoe Mines to 49 per cent, is managing construction of the Oyu Tolgoi mining complex.
Related: Mongolian mine projects face political hurdles – Financial Times, October 2
SGQ closed -6.77% in Toronto, -1.12% in HK
SouthGobi Resources Completes Third Quarter "On-Track" and Continues to See Robust Market Conditions
HONG KONG, CHINA--(Marketwire - Oct. 3, 2011) - SouthGobi Resources Ltd. (TSX:SGQ)(SEHK:1878) has observed much confusion in the investment community regarding metallurgical coal markets and its impact on companies participating in the sector. As a result, the Company has decided to provide its observations at this time.
On August 10, 2011, SouthGobi provided statements with respect to management's view of the outlook along with our second quarter 2011 financial and operating results. In particular, the Company guided:
· Third quarter sales volume: in the range of 1.2 million tonnes to 1.6 million tonnes.
· Third quarter average selling price: in the range of $50 per tonne to $55 per tonne.
· Direct cash costs: to return to recent trend levels over the balance of the year.
Now that the third quarter is complete, SouthGobi reiterates its guidance with the expectation that each of sales volume and average selling prices will be at or above the mid-point of the ranges previously provided (and shown above). Furthermore the Company also re-iterates guidance that direct cash costs are returning to recent trend levels through the second half of 2011.
With respect to the coking coal market, SouthGobi is not currently observing weakness among its customers and the regions of China in which its coal is generally consumed. The Company's current expectation is that fourth quarter sales volume will be similar to third quarter volume at moderately higher selling prices than the third quarter. Most coal for fourth quarter is already now contracted.
CG closed -3.08% in Toronto
Centerra Gold Becomes an EITI Supporting Company
TORONTO, ONTARIO--(Marketwire - Oct. 3, 2011) - Centerra Gold Inc. (TSX:CG) is pleased to announce it has become a Supporting Company of the Extractive Industries Transparency Initiative ("EITI"). The EITI is an international non-profit organization launched in 2002 at the World Summit for Sustainable Development in South Africa. It is a coalition of governments, companies, civil society, investors and international organizations.
The EITI contributes to improved governance in resource-rich countries through the verification and publication of all company payments to governments as well as government-reported revenues from oil, gas and mining. The EITI standard is implemented by signatory governments with an international multi-stakeholder structure at the core of the initiative. Currently, sixty of the largest oil, gas and mining companies have become EITI supporting companies. The EITI's initiatives aim for good governance so that the extraction and processing of resources can generate revenues that foster growth and reduce poverty.
Centerra has played an active role in promoting the EITI in the Kyrgyz Republic and Mongolia. The Company's mines in these countries were among the first to sign on, report and help improve EITI infrastructure in their respective countries. For more information on Centerra's Kumtor submissions as part of the annual Kyrgyz Republic EITI report visit http://eiti.org/KyrgyzRepublic. For Centerra's Boroo Gold audited submissions to the Mongolian EITI report visit http://eitimongolia.mn.
Prosecutors decline to purse cases against alleged polluters
October 4 (news.mn) The Ulaanbaatar Prosecutors’ Office has declined to pursue charges against two companies accused of being responsible for “great” environmental damage in Selenge aimag.
The environmental crimes division of the state investigation department accused the companies, Puraam, a Chinese firm, and Centerra Gold, a Canadian company, of causing the damage at mining sites in Selenge. But the Prosecutors’ Office says it is “unclear” that the companies were responsible for the damage, and that there was insufficient evidence to prosecute the cases.
The group “Movement to Protect Rivers and Lake” is upset about the decision. The group says the damage is easy to see, and it has asked the State General Prosecutor to investigate the cases, but he has so far made no comment.
Environmental activist Ts.Munkhbayar and four others are facing charges for allegedly destroying equipment at the Puraam and Centerra sites in Selenge.
MRC Suspended Due to Failure to Lodge Full Year Report
October 3, Mongolian Resource Corporation Limited (ASX:MUB, MUBO) --
YAK closed -1.87% in Canada
Mongolia Growth Group Ltd. Publishes September 2011 Monthly Letter to Shareholders
Calgary, Alberta CANADA, Oct 03, 2011 (Filing Services Canada via COMTEX) -- Mongolia Growth Group Ltd. (YAK - CNSX),is pleased to announce the release of its September 2011 letter to shareholders.
September 2011 Shareholder Letter
To the Shareholders of Mongolia Growth Group Ltd.,
September saw another month of progress at Mongolia Growth Group (MGG). On September 7th, MGG issued 175,000 stock options to employees of the company and I'd like to speak a bit about options and how I see them.
To start with, some people may claim that options are not a true expense. I want to say that this is patently false-even if they do not lead to a cash outlay; they are clearly an expense, and a sizable one at that. As CEO and largest shareholder, I think of it as a true expense-dilution is painful-particularly because I paid cash for all of my shares. However, as long as we receive more value in return than the cost to shareholders, options are well worth the cost in terms of dilution.
As you are likely aware, the economy in Mongolia is booming unlike anything seen in modern history. Given the small population, this naturally leads to serious competition for truly talented individuals. Over time, stock options are one of the best ways to retain and incentivize key employees. At MGG, we have taken that a step further and broadened the distribution of our options to lower ranking employees as well. Currently, 33 Mongolians own roughly 4% of our company through stock options. We are unusually proud of the fact that many of our employees now act like true owners and look out for the overall benefit of our business-which is the whole purpose of stock options in the first place.
After issuing sizable grants of options recently, I want to clarify our going forward practice in terms of options. We think that all employees should have a stake in the future of our business-however; we do not like the practice where options grants are seen as a perpetual gesture-much like salary. We intend to issue options to new employees and then be sparse on option grants going forward. The exception is to reward truly impressive service-as someone's responsibilities grow, so should their stake in our business.
In other news, Mandal General, our insurance company, has begun to actively market in Mongolia. As part of this, Mandal recently opened its first of many branches on Peace Avenue, just to the west of the State Department Store. If you are in UB, you should come in and visit. For those who cannot make the journey, I think you will enjoy the following advertisement that is now playing on Mongolian television. The subtitles are added for those who still need some practice on their Mongolian. http://www.youtube.com/watch?v=8T5NXt5gufU
Speaker says Oyutolgoi agreement needs changes
October 3 (news.mn) In his speech at the opening of the autumn session of Parliament on Monday, Speaker D.Demberel stated his “strong” support for renegotiating the Oyutolgoi development agreement. He said, “We must consider increasing the Government’s share up to 50 percent.” The current agreement, ratified two years ago, gives the government a 34 percent stake in the project. A group of MPs has said the agreement “must be changed,” and demanded that the government’s share be increased.
In his speech, D.Demberel also outlined the agenda for the autumn session. It includes a draft law on the election, amendments to the constitution, the 2012 draft budget, and a package of laws dealing with judicial matters and property rights.
PARLIAMENTARY AUTUMN SESSION OPENS
October 3. Ulaanbaatar, Mongolia, /MONTSAME/ An autumn session of the State Great Khural (parliament) opened at 11.00 a.m Monday in the Government House.
Some 89 per cent out of all the MPs attended the opening ceremony.
In his addressing speech, the parliament Speaker D.Demberel expressed his position on a dispute over the Oyu tolgoi (OT) investment matters.
Before the OT and Tavan tolgoi (TT) contracts were made the MPs had issued the 57th resolution on exploiting the OT deposit which clearly says that the Mongolian side must own at least 50 per cent after having recovered a first part of investment, he said.
Concerning the TT deposit, the Speaker said parliament issued a related resolution with specific directions and obliged the cabinet to submit a draft investment contract on exploitation of this deposit to the 2010 autumn session.
"It is important to regulate foreign sides' participation in the exploitation of the deposit and to maintain a proper policy in considering interests of the national companies and people," Demberel stressed.
Present at the opening were Ts.Elbegdorj, the President; S.Batbold, the PM; the cabinet members; Ambassadors of foreign countries to Mongolia; and other representatives.
President says Human Development Fund allowance should stop
October 4 (news.mn) President Ts.Elbegdorj visited Darkhan-Uul and Selenge aimags last weekend. Those two aimags voted for him by a wide margin in the presidential election. “Next year is an election year,” he said while meeting with local residents. “State officials have a busy schedule at this time. Darkhan and Selenge are key areas of agriculture. This year’s harvest was the best in 20 years.”
The president met with local residents and heard their opinions. The hall where the meeting was held was filled. When his train arrived in Selenge, the president was greeted by local officials. He was accompanied by MPs from the aimags.
The president encouraged citizens to participate in society. He said, “A Mongolian’s freedom is the key to Mongolia’s success.… Actually, citizens must give their opinions, and the authorities should listen to them. Sometimes that is inverted in Mongolia.”
The president also said he would like to put an end to the allowances from the Human Development Fund that citizens receive. “That we allowed such a great amount of money to be issued to citizens as a mistake. It was bad for the economy and encouraged people to be lazy.”
But the president said he still supports tuition allowances for students, and said he supports programs for children because they are the most “fragile group” in society. Finance Minister S.Bayartsogt, who also accompanied the president, was also asked many questions, but refused to answer them, saying the residents should ask the president all their questions.
PREMIER ABOUT DRAFT BUDGET FOR 2012
October 3. Ulaanbaatar, Mongolia, /MONTSAME/ Decisions on draft budget for the next year and other matters were made at irregular cabinet meeting last Friday.
S.Batbold PM submitted to the Speaker the draft budget for 2012 and draft budgets of Social Insurance Fund and Human Development Fund (HDF) for 2012.
According to the draft budget, balanced revenue of the master budget for 2012 will have MNT 6.4 trillion, equivalent to 35.4 per cent of the Gross Domestic Product (GDP); the total expenditure--MNT 7.1 trillion, or 39.5 per cent of the GDP; the total deficit--MNT 740.9 billion, or 4.1 per cent of the GDP.
The PM said the budget for 2012 will provide people with work and income through reforming economic structure and ensuring a high economic growth for a long period.
In other words, it aims to support people's health, education, business and to create jobs, increase family incomes, and to reduce poverty, he explained.
2012 is the last year for the Mongolian People's Party and the Democratic Party to realize election programs and a collaboration contract which was established between them soon after the parliamentary election in 2008.
The cabinet put forward a purpose to give benefits of natural resources to everyone by creating a sustainable resource of budgetary income, ensuring equal distribution of income, making proper tax and other policy regulations.
The cabinet also aims to implement an economic and developmental policy based on human development, to expand the basic infrastructure such as railways, autoroads and electric power stations by supporting great construction, and to create all possible financial resources for implementing developmental goals at the minimum cost.
The cabinet sees the real economic growth as 25.6 per cent, and expects the GDP would reach MNT 18 trillion--the GDP per capita at MNT 6.3 million.
As of the structure of the economics, the service sector will account for 45.6 per cent, and the industrial sector--43.4 per cent.
It has been calculated that the balanced revenue of master budget for 2012 will be MNT 6.4 trillion, or 35.4 per cent of the GDP, of which MNT 2 trillion or 31 per cent--from the mining sector, and MNT 4.4 trillion or 69 per cent--from other spheres.
Moreover, MNT 4.2 trillion would be spent for current expenses. It is planned to invest MNT 1.5 trillion, which is 2.4 times increase against this year. The investments will be exploited for construction (87.1 per cent), repair works (3.7 per cent), equipment and facilities purchase (9.2 per cent).
The investment policy focuses on supporting independent activities of localities, tackling the infrastructure and urban planning of UB city and on reducing air pollution. For instance, an investment of MNT 71.2 billion will be made to the biggest measures such as reducing air pollution.
Government to raise salaries, pensions by 53 percent
October 3 (news.mn) The government plans to raise the salaries and pensions of state workers by 53 percent next year. The proposed raise is included in the draft budget that Prime Minister S.Batbold delivered to Speaker D.Demberel last week. If the increase goes through, the average state worker’s salary will have doubled since 2008.
In 2008, the joint-coalition government promised to raise per capita GDP to USD 5,000. The government now projects that per capita GDP will reach USD 5,362 next year. According to the draft budget, government revenue next year is projected to be MNT 6.4 trillion MNT (35.4 percent of GDP), while spending is expected to be MNT 7.1 trillion (39.5 percent of GDP). The projected deficit is 4.1 percent of GDP.
In the draft budget, the government says there are four priorities for dealing with the economic boom in the mining industry: to maintain steady revenues; to ensure that all citizens benefit equally; to support economic development programs; and to increase investment in the health care and education sectors.
The draft budget proposes implementing a “Healthy Child” program that every child would participate in. The draft also calls for increasing spending on environmental programs, including MNT 71.2 billion to reduce air pollution in Ulaanbaatar.
The proposed budget maintains the monthly allowance of MNT 21,000 that every citizen receives, at least through the first half of the year. Women 55 and older and men 60 and older, as well as disabled persons, would receive payments of MNT 1 million, and the government would pay students MNT 500,000 each toward tuition fees.
The government also proposes implementing a “100,000 Homes” program that would provide MNT 100 billion as down payments for 100,000 citizens who want to purchase a home.
CABINET: ONE AND A HALF MILLION WILL BE FULLY ISSUED NEXT YEAR
October 3. Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet decided September 30 at its irregular meeting that amendments, reflected in its program, will be fully implemented next year.
The amendments focus on forming legal and financing sources for giving each Mongolian 1.5 million togrogs from strategic deposits income.
Out of the sum, 500 thousand has been issued every month to be completed by the end of 2011.
The remaining one million have been planned in the next year's budget draft as follows: 334 billion 2 million togrog for 334 thousand 2 hundred pensioners and the disabled, 83 billion 6 million togrog for 170 thousand students to pay tuition fees, 5 billion for 5 thousand people to pay for health service, and 100 billion for 100 thousand people to buy apartments.
Another way of granting the one million has been planned when people can trade with the Government secured one million worth stocks of mineral deposit and receive a cash.
CABINET WANTS TO CHANGE CUSTOMS TAX (on wheat import)
October 3. Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet irregular meeting on Friday decided to submit its draft resolution on altering the 27th appendix of parliament's resolution, made in 1999, on “Approving size and percentage of customs tax on imported goods”.
If the draft is approved, a customs tax imposed on solid wheat, mixed rye and wheat will be 20 percent throughout a year, on soft wheat--15 percent, and on imported form Russia wheat--40 percent during concrete period.
Al this will serve such vital goals as to save workplaces, provide food safety and support domestic manufacturers, the cabinet considers.
As preliminary calculated, Mongolia will harvest 427 thousand tons of grain, including 419.1 thousand tons of wheat, also 3.4 thousand tons of oat, 2.8 thousand tons of barley, and 0.3 thousand tons of rye this year. Mongolia uses 240 thousand tons of flour a year, in 2011-2012 we will produce 277.4 thousand tons of flour. It means that we can 100 percent satisfy our own needs in wheat and flour.
CABINET MEETING IN BRIEF
October 3. Ulaanbaatar, Mongolia, /MONTSAME/
- The cabinet made last Friday a decision to augment joint capital of the Development Bank of Mongolia by MNT 33 billion.
An obligation has been given to S.Bayartsogt, a Finance Minister, to place necessary capital in the draft budget for the next year.
In addition to it, the Bank's Representative Leading Council has been allowed to take loans amounting MNT 600 billion from domestic and foreign financial organizations in the budgetary 2011-2012 years.
- In accordance with the cabinet decision, a governmental resolution on issuing stocks and governmental guarantees was amended. It is expected the amendment would fix interest rates of the largest amount of debentures at the lowest level.
- The cabinet decided to allot MNT 876 million from the governmental reserved fund for some works and measures. Some MNT 860 million will go for reducing aftermath of the accident occurred in a section of the Electricity Distribution Network for Central Region Company; 16 million for repairing the section of the Company. Related Minister has been obliged to promptly organize the works and to provide people with electricity.
Mongolia: Strengthening the regulatory regime
October 3 (Oxford Business Group) Mongolia is tightening regulation of its financial services industry in preparation for an expected wave of foreign direct investment, with reforms improving supervision of the banking sector and outside help sought to enhance oversight of the Mongolian Stock Exchange (MSE).
Reforms of the MSE launched by Prime Minister Sukhbaatar Batbold last year with the aim of developing the capital market are expected to create a proper functioning platform with multiple foreign companies listed by 2014-16, concluded panellists at “Mongolia: Capital Raising & Investment”, a conference held by Mongolian securities firm Frontier Securities in August.
MSE signed a strategic partnership contract with the London Stock Exchange (LSE) in January with the goal of improving the exchange’s technology platform, applicable rules and regulation, and updating its status (public to private). Under the deal, LSE has appointed a management team to oversee the bourse’s development and privatisation and provide trading and monitoring infrastructure.
While the MSE displayed impressive growth in 2010, with the MSE Top 20 Index up 110% year-to-date and the total market capitalisation of its listed companies sitting at around $1bn, analysts at the conference noted legal and regulatory barriers preventing foreign companies from listing, including the need to be Mongolian and subject to Mongolian law and “ambiguity” on certain legislation and regulation.
”If the problematic areas are fixed such that South Gobi Resources can co-list on the MSE, other foreign companies will follow,” said Sarah Armstrong, South Gobi Resources’ chief legal counsel for Asia.
With regard to the stability of the financial system, a report by the IMF in March found that the “authorities are making progress in restructuring the banking sector”. It said that alongside placing two state-owned banks under conservatorship, the government had also tightened prudential regulations on asset classification and loss provisions.
Last December, the IMF praised the government for a revised banking law that it said would “strengthen the regulatory framework”. “Finally, tougher supervision regulations have been issued and are now being enforced. These steps will serve to bolster the banking system and ensure that banks can play their crucial role in fostering development by providing credit to the private sector,” said the IMF.
Meanwhile, in August, the Bank of Korea signed a memorandum of understanding with the Bank of Mongolia to share South Korea’s fiscal policy experience and expand cooperation between the two countries.
These developments in banking are significant given the anticipated inflow of funds into the economy linked to large-scale mining projects under development. For example, the massive Oyu Tolgoi copper and gold mine is set to increase the size of the economy by half when it comes on-stream in 2013, with an expected injection of $7bn over the next few years. Meanwhile, a government decision on development rights for the giant Tavan Tolgoi coal deposit – estimated to hold some 7.5bn tonnes of reserves – is due in October.
The sudden expected growth in national wealth has also led to Ulan Bator studying the models of nations such as Qatar and the UAE, with some 16 global banks also now advising the government, 2point6billion.com, a website devoted to Asian economic matters, reported in March. The government intends to grant citizens shares in a range of state-owned enterprises, as it did with Erdenes-Tavan Tolgoi in June 2011, with these firms then to be privatised via initial public offerings on the MSE.
If the move goes to plan, citizens could stand to reap a windfall, according to the website. “Assuming [mining-related] stocks sold raise the expected amount of value, Mongolia will suddenly become a country where every citizen is a US dollar millionaire,” Chris Devonshire-Ellis wrote in an op-ed piece on the site in March 2011.
Also in March, eight banks and the Mongolian Bankers Association became the shareholders of a newly established Banking and Finance Academy, an independent institution supported by the banking sector that will provide training for loan officers, tellers, executives, and directors to improve and standardise services. There are currently 14 commercial banks, 188 non-bank financial institutions, and about 207 savings and credit cooperatives, according to the central bank.
A major challenge for institutions offering banking services, particularly microfinance, has been the country’s low density and widely dispersed population, with the rural community of 1.6m, half of whom are semi-nomadic herders, rarely given opportunities to access banks. To address this, a 17-member delegation from the Financial Regulatory Commission of Mongolia and the Central Bank of Mongolia in May visited the Philippines’ Central Bank seeking cooperation in developing a coherent legal and regulatory environment to supervise mobile financial service providers.
Whitehall anger over Mongolian spy chief release
October 3 (The Independent) A Mongolian spymaster whose arrest for extradition on kidnapping charges sparked a crisis between Britain and her emerging Asian ally has returned home after unexpectedly being freed by German authorities.
In a move understood to have raised eyebrows in Whitehall, Germany last week withdrew charges against Bat Khurts, who until this summer had been languishing in Wandsworth prison while a diplomatic and legal battle raged over claims from the Mongolian goverment that he was a victim of entrapment by the British authorities.
The release of Mr Khurts, head of Mongolia's National Security Council, came ahead of a planned visit to the country next week by the German Chancellor Angela Merkel. Mongolian officials said they were "grateful" for the decision, although Germany insisted there was no link between therelease and Mrs Merkel's arrival.
The trial of the spy chief on kidnapping charges had been due to begin in Germany on 24 October after his formal extradition from Britain in August at the request of prosecutors in Berlin.
The Foreign Office said yesterday: "Mr Khurts was extradited to Germany after the passing of the deadline for any appeal. It is not for us to comment on the decisions of the German courts."
The return of Mr Khurts to his position in Ulan Bator represents a remarkable change in fortune for the security chief, who was held on a European arrest warrant as he left an Aeroflot flight at Heathrow in August last year for his alleged part in the kidnapping in 2003 of a Mongolian dissident outside a McDonald's restaurant in the French port of Le Havre.
The security official, described as one of the most senior figures in the Mongolian government, had arrived in London expecting to hold high-level talks with Whitehall officials about closer security co-operation. Sandwiched between Russia and China with huge mineral reserves, Mongolia is considered an increasingly important political and economic ally by Western powers.
The visit of Mr Khurts was arranged after contacts between William Dickson, then British ambassador to Ulan Bator, and Mongolian officials. But the Foreign Office later insisted that no formal invitation had been issued and that the spy chief had travelled to London without any diplomatic status.
The Mongolian government fought the extradition in London's High Court, claiming that the Foreign Office had effectively lured Mr Khurts to Europe to ensure he could be arrested for the 2003 kidnapping.
The legal row plunged Britain's improving relations with Mongolia into crisis, with its government describing the arrest of Mr Khurts as a "grave discourtesy" and officials warning that British business would be frozen out of lucrative contracts in a booming economy.
The Germany Embassy in London was unavailable to comment yesterday but German diplomats in Ulan Bator last week insisted the release of Mr Khurts, who was greeted by Mongolia's deputy Foreign Minister, was a matter for the country's courts.
Mongolians remembered S.Zorig
October 3 (news.mn) Mongolians remembered former Infrastructure Minister S.Zorig on the thirteenth anniversary of his assassination on Sunday. President Ts.Elbegdorj and MP S.Oyun, sister of S.Zorig, laid flowers at the statue of the leader of Mongolian’s 1990 democratic revolution, who was stabbed to death in his apartment on October 2, 1998.
Supporters of S.Zorig call him the “Golden Swallow of Democracy,” and believe his murder was politically motivated. The case is still unsolved.
At the time of his murder, it was widely believed that S.Zorig would be name prime minister. His sister Oyun has said that she believed her brother was murdered to prevent him from launching an anti-corruption campaign once he became prime minister.
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 3,897.00 | -111.6 | -2.78% | 3,990.60 | 4,008.60 | 3,893.10 | - | 3-Oct | ||||
Nikkei 225 | 16,822.15 | -770.26 | -4.38% | 17,179.20 | 17,179.20 | 16,717.14 | - | 3-Oct | |||||
Hang Seng | 8,545.48 | -154.81 | -1.78% | 8,567.98 | 8,577.52 | 8,455.67 | - | 3-Oct | |||||
FTSE 100 | 5,075.50 | -52.98 | -1.03% | 5,128.48 | 5,128.48 | 4,983.28 | - | 3-Oct | |||||
TSX Composite | 11,251.84 | -372 | -3.20% | 11,516.86 | 11,623.46 | 11,221.21 | - | 3-Oct | |||||
S&P 500 | 1,099.23 | -32.1901 | -2.85% | 1,131.21 | 1,138.99 | 1,098.92 | - | 3-Oct | |||||
ASX | Aspire Mining | A$ | 0.435 | -0.02 | -4.40% | 0.42 | 0.44 | 0.42 | 587,499 | 3-Oct | -9.38% | 200.00% | |
Blina Minerals | A$ | 0.009 | -0.001 | -10.00% | 0.011 | 0.011 | 0.009 | 6,704,801 | 3-Oct | -40.00% | -50.00% | ||
C@ | A$ | 0.055 | -0.001 | -1.79% | 0.055 | 0.06 | 0.053 | 1,514,620 | 3-Oct | 96.43% | 243.75% | ||
General Mining | A$ | 0.13 | 0 | 0.00% | 0.13 | 0.13 | 0.13 | 67,300 | 3-Oct | 8.33% | -10.34% | ||
Guildford Coal | A$ | 0.94 | -0.04 | -4.08% | 0.99 | 0.99 | 0.9 | 193,763 | 3-Oct | 28.77% | 144.16% | ||
Haranga Resources | A$ | 0.225 | -0.005 | -2.17% | 0.22 | 0.225 | 0.22 | 202,878 | 3-Oct | -64.84% | |||
Hunnu Coal | A$ | 1.68 | -0.005 | -0.30% | 1.68 | 1.69 | 1.665 | 1,361,424 | 3-Oct | 25.84% | 90.91% | ||
Mongolian Res Corp | A$ | 0.26 | 0 | 0.00% | 0.25 | 0.26 | 0.25 | 0 | 30-Sep | ||||
TVN Corp. | A$ | 0.042 | -0.002 | -4.55% | 0.043 | 0.043 | 0.041 | 823,972 | 3-Oct | 320.00% | |||
Voyager Resources | A$ | 0.086 | 0.006 | 7.50% | 0.078 | 0.086 | 0.078 | 17,370,293 | 3-Oct | 60.37% | 293.64% | ||
Xanadu Mines | A$ | 0.395 | -0.005 | -1.25% | 0.395 | 0.395 | 0.395 | 3,979 | 3-Oct | -30.09% | |||
HKEx | Solartech Int’l | HKD | 0.168 | -0.017 | -9.19% | 0.18 | 0.18 | 0.16 | 1,925,600 | 3-Oct | -82.50% | -70.00% | |
Winsway | HKD | 1.65 | -0.19 | -10.33% | 1.74 | 1.78 | 1.57 | 12,147,000 | 3-Oct | -63.28% | |||
SouthGobi Resources | HKD | 48.35 | -0.55 | -1.12% | 48.95 | 49.5 | 45.3 | 98,000 | 3-Oct | -51.41% | -37.69% | ||
China Gold | HKD | 21.15 | -0.35 | -1.63% | 21.45 | 21.45 | 20.8 | 152,200 | 3-Oct | -49.64% | |||
CNNC Int’l | HKD | 1.91 | -0.05 | -2.55% | 1.91 | 1.91 | 1.91 | 37,000 | 3-Oct | -78.05% | -67.35% | ||
Mongolia Energy | HKD | 0.46 | -0.05 | -9.80% | 0.5 | 0.5 | 0.46 | 8,725,000 | 3-Oct | -80.17% | -85.71% | ||
Zijin Mining | HKD | 2.17 | -0.12 | -5.24% | 2.25 | 2.27 | 2.13 | 46,740,964 | 3-Oct | -54.00% | -49.75% | ||
Mongolia Inv Group | HKD | 0.042 | -0.003 | -6.67% | 0.045 | 0.045 | 0.041 | 21,836,000 | 3-Oct | -71.62% | -75.58% | ||
North Asia Resources | HKD | 0.44 | -0.04 | -8.33% | 0.41 | 0.44 | 0.405 | 285,000 | 3-Oct | -51.65% | -68.35% | ||
Bestway Int’l | HKD | 0.046 | 0.006 | 15.00% | 0.044 | 0.046 | 0.044 | 430,000 | 3-Oct | -67.38% | -72.62% | ||
Asia Coal | HKD | 0.088 | 0 | 0.00% | 0.088 | 0.088 | 0.088 | 18 | 3-Oct | -64.80% | -54.87% | ||
Mongolian Mining | HKD | 5.77 | -1.17 | -16.86% | 6.67 | 6.76 | 5.52 | 7,473,476 | 3-Oct | -36.38% | |||
SGX | LionGold | SGD | 0.86 | -0.01 | -1.15% | 0.865 | 0.87 | 0.86 | 8,549,000 | 3-Oct | 17.81% | 109.76% | |
LSE | Central Asia Metals | GBp | 68 | -1 | -1.45% | 66 | 68 | 66 | 1,024 | 3-Oct | -24.65% | -29.90% | |
Petro Matad | GBp | 33.25 | -4.75 | -12.50% | 38 | 38 | 33 | 176,809 | 3-Oct | -72.75% | -82.12% | ||
Metal-Tech | GBp | 9.75 | 0 | 0.00% | 9.75 | 9.75 | 9.75 | 0 | 3-Oct | -37.10% | -30.36% | ||
Origo Partners | GBp | 29.25 | -3.75 | -11.36% | 33 | 33 | 29.25 | 710,990 | 3-Oct | -28.66% | 0.00% | ||
North America | Aberdeen Int’l | CAD | 0.63 | -0.03 | -4.55% | 0.63 | 0.67 | 0.62 | 130,509 | 3-Oct | -22.09% | 39.06% | |
Blue Zen Mem. Parks | CAD | 0.16 | 0.01 | 6.67% | 0.16 | 0.16 | 0.16 | 12,500 | 3-Oct | ||||
Centerra Gold | CAD | 18.91 | -0.6 | -3.08% | 19.26 | 19.61 | 18.58 | 433,752 | 3-Oct | -2.65% | 16.85% | ||
China Gold | CAD | 2.63 | -0.24 | -8.36% | 2.85 | 2.92 | 2.63 | 554,317 | 3-Oct | -51.57% | -45.21% | ||
Denison Mines | CAD | 0.97 | -0.15 | -13.39% | 1.09 | 1.09 | 0.97 | 2,128,701 | 3-Oct | -71.55% | -45.51% | ||
Denison Mines | $ | 0.94 | -0.12 | -11.32% | 1.04 | 1.05 | 0.927 | 2,194,563 | 3-Oct | -72.51% | -46.59% | ||
East Asia Minerals | CAD | 0.56 | 0.05 | 9.80% | 0.6 | 0.6 | 0.56 | 60,700 | 3-Oct | -93.09% | -89.96% | ||
Entree Gold | $ | 1.35 | -0.04 | -2.88% | 1.47 | 1.47 | 1.23 | 152,174 | 3-Oct | -60.98% | -53.45% | ||
Erdene Resource | CAD | 0.315 | -0.085 | -21.25% | 0.39 | 0.4 | 0.315 | 166,129 | 3-Oct | -74.60% | -32.98% | ||
Entree Gold | CAD | 1.37 | -0.05 | -3.52% | 1.55 | 1.55 | 1.3 | 77,939 | 3-Oct | -60.52% | -53.40% | ||
Fortress Minerals | CAD | 5.21 | 0 | 0.00% | 0 | 8-Jun | |||||||
Garrison Int’l | CAD | 0.025 | -0.005 | -16.67% | 0.025 | 0.025 | 0.025 | 50,000 | 3-Oct | -68.75% | |||
Gulfside Minerals | CAD | 0.07 | 0 | 0.00% | 0.07 | 0.07 | 0.07 | 0 | 30-Sep | ||||
Green Tech Solutions | $ | 0.128 | 0.003 | 2.40% | 0.111 | 0.13 | 0.111 | 64,585 | 3-Oct | -96.80% | |||
Ivanhoe Energy | CAD | 0.99 | -0.14 | -12.39% | 1.1 | 1.14 | 0.99 | 1,003,135 | 3-Oct | -63.60% | -55.00% | ||
Ivanhoe Energy | $ | 0.9599 | -0.1101 | -10.29% | 1.05 | 1.08 | 0.95 | 1,357,805 | 3-Oct | -64.71% | -55.77% | ||
Ivanhoe Mines | CAD | 13.49 | -0.96 | -6.64% | 14.45 | 15.29 | 13.47 | 1,987,534 | 3-Oct | -41.35% | -41.78% | ||
Ivanhoe Mines | $ | 12.88 | -0.82 | -5.99% | 13.56 | 14.64 | 12.83 | 6,060,335 | 3-Oct | -43.80% | -43.47% | ||
Kincora Copper | CAD | 0.315 | 0 | 0.00% | 0.315 | 0.315 | 0.315 | 0 | 29-Sep | ||||
Khan Resources | CAD | 0.24 | 0.01 | 4.35% | 0.24 | 0.24 | 0.24 | 7,000 | 3-Oct | -50.00% | -36.84% | ||
Long Harbour | CAD | 0.35 | 0 | 0.00% | 0 | 10-Mar | |||||||
Lucky Strike | CAD | 0.7 | 0.02 | 2.94% | 0.7 | 0.7 | 0.7 | 2,000 | 3-Oct | ||||
Meritus Minerals | CAD | 0.03 | 0 | 0.00% | 0.035 | 0.035 | 0.03 | 0 | 30-Sep | -90.00% | |||
Manas Petroleum | $ | 0.21 | 0.001 | 0.48% | 0.209 | 0.21 | 0.2 | 19,400 | 3-Oct | -65.00% | -61.75% | ||
Blue Wolf Mongolia | $ | 9.58 | 0 | 0.00% | 9.65 | 9.65 | 9.58 | 0 | 13-Sep | ||||
Blue Wolf Mongolia | $ | 10.2 | 0.05 | 0.49% | 10.2 | 10.2 | 10.2 | 172 | 3-Oct | ||||
Manas Petroleum | CAD | 0.43 | 0 | 0.00% | 0 | 10-May | |||||||
Prophecy Coal | CAD | 0.44 | -0.02 | -4.35% | 0.48 | 0.49 | 0.43 | 123,686 | 3-Oct | -49.62% | 6.02% | ||
Puget Ventures | CAD | 0.36 | 0 | 0.00% | 0 | 6-Aug | |||||||
SouthGobi Resources | CAD | 6.2 | -0.45 | -6.77% | 6.79 | 6.88 | 6.13 | 71,320 | 3-Oct | -49.10% | -41.56% | ||
Solomon Resources | CAD | 0.08 | -0.015 | -15.79% | 0.08 | 0.08 | 0.08 | 350 | 3-Oct | -77.14% | |||
Wedge Energy | CAD | 0.015 | 0 | 0.00% | 0 | 3-Aug | |||||||
Mongolia Growth Group | CAD | 4.72 | -0.09 | -1.87% | 4.7 | 4.75 | 4.7 | 15,300 | 3-Oct |
---
"Mogi" Munkhdul Badral
Senior Client Manager / Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
P Please consider the environment before printing a copy of this email.
Central Tower · 12th Floor · Left Wing · 2 Sukhbaatar Square
Sukhbaatar District 8 · Ulaanbaatar 14200 · Mongolia
CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.
Disclosure/Disclaimer
CPS Securities, its directors and employees advise that they may hold securities, may have an interest in and/or earn brokerage and other benefits or advantages, either directly or indirectly from client transactions mentioned in correspondence from CPS International.
CPS International advise this email contains general information only and does not include advice. In preparing this communication, CPS International did not take into account the investment objectives, financial situation and particular needs of any person. As with any speculative mining company there are significant risks.
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