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Tuesday, November 1, 2011

[CPSI NewsWire: Canadian Court Paves Way for KRI's C$300m Claim Against Russia's ARMZ]

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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See Mongolia related quotes at bottom of newsletter

 

KRI closed +8.33% higher

UPDATE 1 - Khan Resources wins motion in ARMZ litigation

Oct 31 (Reuters) - Canada's Khan Resources (TSX:KRI) said its litigation claiming C$300 million from uranium miner Atomredmetzoloto JSC (ARMZ) passed a hurdle with an Ontario court validating service on Russia's state-owned company.

Khan had sued ARMZ in the Ontario Superior Court of Justice for alleged interference in its Mongolian operations, but the Russian justice ministry had refused to effect service on the state-owned miner in February.

Khan had said ARMZ sought to eliminate Khan's mining and exploration licenses in Mongolia so that it could proceed with its own joint venture with Mongolia's state-owned MonAtom LLC.

Khan's shares were trading up almost 8 percent at 26 Canadian cents on Monday on the Toronto Stock Exchange.

Link to article

Link to KRI release

 

Banpu’s HUN Stake Up to 77.39% from 72.10%

October 31, Hunnu Coal Limited (ASX:HUN) --

Link to release

 

Kerry Increases MMC stake to 11.06% from 10.94% (average consideration HK$5.411)

October 31, Mongolian Mining Corporation Limited (HK:975) --

Link to notice

 

SouthGobi Resources to announce Third Quarter 2011 financial results on November 9, 2011

Conference call to discuss results

HONG KONG, October 31 – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) will release its third quarter 2011 financial results before TSX market open on Wednesday, November 9, 2011.

The company will host a conference call and audio webcast to discuss third quarter 2011 financial results and provide an update on the company’s operations. Date and time of the call for various regions will be as follows:

      Wednesday, November 9, 2011 at 6:00 p.m. EST/3:00 p.m. PST

      Thursday, November 10, 2011 at 7:00 a.m. Hong Kong Time

Link to release

 

Aspire: Quarterly Reports

October 31, Aspire Mining Limited (ASX:AKM) --

Link to Quarterly Activities Report

Link to Quarterly Cashflow Report

Link to Site Visit Presentation

 

Guildford: Quarterly Reports

October 31, Guildford Coal Limited (ASX:GUF) --

Link to Quarterly Activities & Cashflow Report

 

GMM: Quarterly Reports

October 31, General Mining Corporation Limited (ASX:GMM) --

Link to Quarterly Activities Report

Link to Quarterly Cashflow Report

 

TVN: Annual Report 2011

October 31, TVN Corporation Limited (ASX:TVN) --

Link to report

Notice of AGM

 

Blina: Quarterly Reports

October 31, Blina Minerals NL (ASX:BDI) --

Link to Quarterly Activities Report

Link to Quarterly Cashflow Report

 

C @: Quarterly Reports

October 31, C @ Limited (ASX:CEO)

Link to Quarterly Activities Report

Link to Quarterly Cashflow Report

Notice of AGM (includes Independent Geologist’s Report, due to change of company business)

 

China’s Winsway in Canadian coking coal bid

October 31 (FT) Winsway Coking Coal, a Chinese coal importer and distributor, has joined Marubeni, the Japanese trading house, in an agreed C$1bn ($1bn) cash bid for Grande Cache Coal, an Alberta-based producer of coking coal, used in steelmaking.

Hong Kong-listed Winsway’s core business is buying, washing and transporting coking coal in China’s Inner Mongolia province and in neighbouring Mongolia.

This deal marks its biggest step yet overseas, and comes at a time when coking coal is increasingly considered strategic in China. Earlier this month, Winsway announced it would form a joint venture with Peabody, the US coal company, to market coal in Asia.

China is the world’s second-largest importer of coking coal, after Japan, and Chinese imports of coking coal have been growing as China’s steel sector expands.

China and Japan together accounted for 40 per cent of global coking coal imports last year.

Although China’s steel demand has fallen slack in recent weeks because of a slowing construction sector in the country, this deal underscores that some Chinese companies are still betting on the long-term health of the steel industry.

Grande Cache’s mine in west-central Alberta is in the throes of an expansion to raise annual output to 3.5m tonnes by March 2013. The mine has estimated reserves of 346m tonnes. Winsway and Marubeni are already among its biggest export customers.

Winsway and Marubeni have offered C$10 for each Grande Cache share, or more than double its recent average trading level.

The agreement includes a termination fee of C$50m and a cost reimbursement fee of C$10m payable by Grande Cache if the deal is not completed. Winsway and Marubeni have agreed to pay reverse break fees totalling C$110m.

The bid is the latest in a series of moves by Chinese companies to gain access to Canada’s natural resources, notably oil sands, shale gas and coal.

Sinopec last month offered C$2.2bn for Daylight Energy, a Calgary-based junior oil and gas exploration company with large acreage in western Canada that is only partially developed.

Link to article

Link to Winsway release

 

Number of Mine Workers to Increase with a Possible 40.000 New Jobs in the Next Five Years

October 31 (UB Post) Ministry of Social Welfare and Labour in collaboration with mining sectors are organizing a meeting under the topic “Labour Safety and Hygiene of Miners and Micro-Miners”.

In recent years, many internationally accepted mining companies have started operations in Mongolia as the mining sector is developing rapidly. They expressed that they prefer introducing standards that meet safety standards over working with complete capacity. 

Micro-miners are more prone to accidents since they use equipment that cannot meet safety standards. Last year, there were 366 industrial accident and 80 people were killed because of them. 

Executive Director of Mongolian Employers’ United Association Kh.Ganbaatar made some clarifications on this.

-         -It appears that there are so many safety boards. However, the number of accidents relating to miners is not dropping.

-         -First of all, the labour safety rules obeyed in Mongolia are too incomprehensible. Not in Mongolia, but worldwide, countless rules and procedures regarding labour safety were ratified in the last 30 years. However, none of them can be applied in practice, as it is so hard to understand even for the employers. There must be few rules, which are understandable. Second of all, workers must feel and understand fully that obeying the labour safety rules and procedures is not about making the employers happy, but it is about their safety and their lives. If a worker is injured when working without safety hat, the mining company he/she works won’t be closed down. In contrast, that worker might get injured or even injured to the point where he or she can’t perform any jobs anymore.

-         -It seems that Confederation of Mongolian Trade Unions concerns about this issue a little bit less than it should be?

-         -We don’t pay taxes for them to be critical only. They should be there for them for getting to know their hardship and difficulties they encounter. Today there are over 45 thousand people who work in mining sector, which is the 5 percent of the total labour force. However, in the near 5 years, it is likely to increase with another 40 thousand.

-         “Oyutolgoi, SouthGobi Sands”, “Erdenet” mining corporation adheres to the labour safety rules and procedures. Is there any decrease in accidents due to this?

-         -Although “Erdenet” implements the world standard, unfortunately, it is just paper or contract only. I’m not saying they not obeying them totally, but it is not noticeable enough.

Link to article

 

N.Altankhuyag: Private companies will be under pressure to raise salary of employees

October 31 (UB Post) N.Altankhuyag, Deputy Minister of Mongolia and the leader of Democratic Party, is currently working as the head of the working group on Tavan Tolgoi. In this interview, he provided information about the negotiation process between the government of Mongolia and West Tsankhi investors.

-         The coalition government has greeted its 2nd year anniversary with a surprise. What is your view on the Members of Parliament who are trying to force Prime Minister S.Batbold to resign?

-         Members of Parliament have the right to express their opinion on any matters. There are four people from our party in those Members of Parliament who are demanding the Prime Minister’s resignation. Nothing was discussed about it in the Executive Council, National Consultative Committee or our party’s group in the Parliament. Therefore, it is only their position that they want the Prime Minister’s resignation and I personally do not support it. We have been working together for the past three years. Even though there are only eight months until the election, we have to be less political and get some work done together in the next three or four months.   

-         Economic growth has already exceeded 10 percent. However, some experts are warning of 20 percent inflation despite the rapid economic growth. What is your opinion on that?

-         Economic growth has reached 14 percent, which is the highest our country has ever achieved. However, let us forget about statistics and pay more attention to how it actually benefits the people. Now the government has to come up with a policy against inflation. 

-         The government is about to decide to increase salaries of civil servants by 50 percent, which might make things worse for private sector employees. Did the government take private sector into consideration even though they do not have the right to demand private companies to increase salary?

-         In the state budget of 2010, the government included salary increase of employees in budgetary institutions. If every employee’s salary is increased by 50 percent, one’s salary will be increased more compared to one who earns less than him. Therefore, the government will increase an employee’s salary by 80 thousand MNT at first and then set a specific percentage of salary increase afterwards. It is an effort to decrease salary gaps. I think that companies in the private sector will be under pressure to increase salaries of their employees after the salary increase of employees in government institutions. Although private companies will not suddenly decide to increase salaries, they will look for opportunities to improve their productivity by raising pay.

-         The government has been talking about a great amount of money. Even though bigger number is better, there is a threat of overheating. Do you think it is possible that overheating of economy occurs?

-         We have never seen this much foreign investment flowing into Mongolia before. Mongolia is finally raising money. This is just the beginning and it was made possible because the coalition government got over its political quarrel involving Oyu Tolgoi and Tavan Tolgoi. The economic growth shows that there are many opportunities waiting to be seized by Mongolians. I think that if politicians work well and provide adequate conditions for the government, Mongolians will no longer face economic difficulties.

-         The government sent an invitation letter to negotiate about making changes to Oyu Tolgoi agreement to “Rio Tinto” and “Ivanhoe Mines”. Was there any official response from the investors?

-         The government of Mongolia has proposed to increase its share in Oyu Tolgoi from 34 to 50 percent. The investors understand it and are willing to discuss. 

-         Some people have started questioning the Oyu Tolgoi agreement because Members of Parliament who approved the agreement two years ago are now sending clear messages that the agreement was wrongly made. What do you think about it?

-         The government and our Parliament are working hard to get a work done in a short amount of time so that it will contribute to the development of Mongolia. Therefore, we made agreements with foreign companies in order to benefit from Oyu Tolgoi investments, raise money and create jobs. 

-         The National Security Council (NSC) rejected the West Tsankhi investment tender results, which was submitted by the working group led by you. The NSC also advised the government’s working group to renegotiate with the investors. Did the negotiations start?

-         Yes, it did. We are once again in negotiations with companies from the United States, China, Russia, Japan and Korea. It was necessary for another round of negotiations because some of those companies went back on their word from the previous negotiations. During the previous negotiation, we only allowed small shares for those who had proposals that were not too beneficial to Mongolia. 

-         Can you give more details on those “not too beneficial” proposals? 

-         The government carefully analyzed the position of investors on creating massive construction in Mongolia. During the previous negotiation, Japanese and Korean companies stated that there were difficulties in establishing big factories and industries because the Mongolian population is not big enough. They also did not accept it when we demanded an increase in their initial payment. 

-         How are the negotiations going?

-         Those companies are now willing to increase their initial payment and help us build factories and industries. Therefore, it was not wrong of us that we proposed to renegotiate. 

-         According to the government announcement on the previous tender results, Korea and Japan did not even have 1 percent share. Are they still participating in the negotiations under the name of the consortium of 11 companies led by Russian Railways, Sumimoto, Itochu, Marubeni and Kores Group? If so, will this negotiation increase the share for this consortium from 18 percent?

-         The consortium led by Russia is still there. Furthermore, Korean and Japanese companies have already stated that they are still in the consortium. Therefore, those companies will have to discuss their shares with Russia. The government of Mongolia cannot increase shares whenever a company wants to. The most important thing to consider is what they are going to do for Mongolia.   

-         If the 18 percent of Russia is to be increased, Mongolia will share its shares with Korean and Japanese companies, won’t it?

-         Yes. I said that Korean and Japanese companies came up with better proposals this time. In this case, Mongolia could give some of its share to the consortium led by Russia. The working group of the government is heavily focusing on interests of Mongolia. They view that we cannot always export raw materials. Some people might be wondering why we gave 40 percent share to China. We did it not because China is our neighbor, but because their proposal was beneficial to Mongolia such as buying coal from Tavan Tolgoi and building a power station. 

-         Is there going to be changes in shares of Peabody Energy from the United States and Shinhua Energy from China?

-         I do not think that the negotiation will change shares of Mongolia only. Peabody Energy has 24 percent and Shinhua Energy has 40 percent of share. In order to increase one’s share, the other’s share must be decreased. Therefore, shares of every company can change. 

-         Then the West Tsankhi negotiation is not continuing, it came back to the beginning, right?

-         It did not go back to the beginning. The negotiation has lasted for months. Share sof companies are just being discussed again, that is all. 

-         The negotiation must be going fiercely. Russia wants to increase its share and the United States along with China might lose some of their shares. They will not be agreeing on everything, will they?

-         The negotiation is not easy for any of the participants. Participants who went back on their word will be losing some of their shares.

-         Russia looked a bit more “aggressive” than the others on the last negotiation. How is the government seeing this?

-         The government does not change its attitude just because of someone looks “aggressive”. More shares will be given to an investor who comes up with a proposal beneficial enough for Mongolia. In order to increase their shares, Russia proposed to increase its investment in railways while Korea and Japan are willing to bring the best technology here to Mongolia. The working group has started its discussion.  

-         Do you think that the Tavan Tolgoi project might stagnate if this negotiation goes into deadlock?

-         The Tavan Tolgoi project has already started. Mongolia selected its operator and foreign companies started coal mining. The consortium of companies from the United States, Russia, China, Korea and Japan is still yet to start the project in West Tsankhi, which contains 10 percent of coal in Tavan Tolgoi deposit. The Tavan Tolgoi stock will be available in international stock markets starting from next March or April. When that happens, price of Tavan Tolgoi stock will increase due to the reputation of these companies, which makes 536 shares for a Mongolian more valuable.  

-         Some economists think that the Parliament should not discuss Tavan Tolgoi a year before the election. They are cautious that Tavan Tolgoi discussion might turn into a political show. What do you think about leaving West Tsankhi discussion to the next parliament?

-         There is no such thing that things go fair in 2012 and they don’t today. Tavan Tolgoi project has always been under the spotlight. There might be some politicians caring more about the next election rather than Tavan Tolgoi project. They might even say that the other politicians were sold to the U.S., Russia or China just to be seen as a patriotic politician. The election will only last for a day, but Mongolia will always be there and its people’s welfare should be improving. I think that if we put the interests of our people and country before ours, West Tsankhi discussion should be over before December, 2011. 

-         Parliament is currently working on an election law project. Not every Parliament gets to do that, but Members of Parliament seem to be trying to put their personal interests in the law.

-         It would have been successful if the law was discussed right after the Parliament was formed. Now that the election is coming, every Member of Parliament is thinking of themselves only when making the law. Therefore, Parliament is discussing the election law in a vulnerable state. Mongolian People’s Party (MPP) is trying to split the 26 districts into more election districts as well as assigning two districts to one province. It is inevitable that things like this happen when discussing election law before the election. 

-         Discussion of the election law is stalled too. Did the party’s reputation fall when candidates from the Democratic Party competed against each other in election districts with many mandates?

-         Four candidates from our party in the Songinokhairkhan district were supporting each other under the slogan “Durvun berkh”. It is wrong to criticize the existing law just because candidates from same party compete with each other. MPP is going for 28:48. They are redrawing the election districts and stalling the discussion. We are running out of time and the Democratic Party (DP) is still waiting. 

-         It is almost clear that we are going to have a mixed electoral system, which means people will make their choice using two lists. It might be confusing for people; therefore the law should be passed as soon as possible and people must be fully informed about the mixed system. Is that right?     

-         I think there is still enough time to publicize it in, let us say, five months.   

-         Will names of candidates, who will be chosen for 28 seats of proportional presentation under names of their parties, be a secret? Groups of DP and MPP apparently agreed that the names will be kept as a secret until the election is over. 

-         Nothing must be secret. Everything about the election has to be clear for the people. 

-         There is a political party called the Mongolian National Democratic Party (MNDP) led by M.Enkhsaikhan. N.Enkhbayar is the leader of the Mongolian People’s Republic Party (MPRP), which is MPP’s “toothache”. Is MNDP going to be the Democratic Party’s MPRP? 

-         In 2000, many parties including Mongolian Social Democratic Party (MSDP) and MNDP united with Democratic Party. Even though MSDP was newly established in 2001 and participated in the election, it could not steal any seats from Democratic Party. MNDP will not be able to steal any of the Democratic Party’s seats in Parliament, especially when M.Enkhsaikhan is leading that party. 

-         M.Enkhsaikhan could also get the name “Democratic Association”, which succeeded in the last two elections.

-         The man could do anything for subversion.

Link to article

 

Mongolia: Industry changes in the making

October 31 (Oxford Business Group) Mongolia’s government is emphasising its plans to diversify from reliance on mining-related revenues and investment in the hope that the development of the manufacturing and agricultural sectors will create a more advanced industrial base.

With the Oyu Tolgoi copper mine alone set to account for one-third of Mongolia’s GDP by 2020, the reliance on the booming mining industry has raised fears of “Dutch disease”, a term describing cases in which the financial benefits of a resource boom lead to a hollowing out of other sectors.

It is important to have a good mining industry,” Prime Minister S├╝khbaataryn Batbold told Bloomberg in March. “But it is a tool of moving many other things forward. What we want to focus on [is] creating jobs in many other industries. We’d like to focus now on value-added products.”

In September the Ministry of Finance issued MNT300bn ($234.6m) worth of Mongolian bonds to support the wool and cashmere sector. Of the funds to be raised, MNT150bn ($117.3m) will go towards developing small and medium-sized enterprises, MNT100bn ($78.2m) is to support the producers of wool and cashmere products, and MNT50bn ($39.1m) will go to herders who sell camel and sheep wool to domestic factories.

The deputy minister for food, agriculture and light industry, Kh. Zoljargal, told local media in mid-September that MNT108bn ($84m) in bonds had already been sold, adding that the money would be distributed to businesses in the form of loans through commercial banks.

In 2009 the cashmere industry provided jobs and income for a third of the country’s population of 2.6m, supplying about 20% of the global market. However, an oversupply of goats is negatively affecting biodiversity and undermining herding livelihoods. A further challenge has been overdependence on demand from China, which has historically bought around two-thirds of the country’s cashmere exports, though often through back-door deals that have led to suppliers selling their products for prices far below market value.

While prices rose around 50% year-on-year in April for Mongolian cashmere derived from the Khentii and Sukhbaatar regions, according to data from Australian wool exporter G Schneider, industry leaders say profits could be much higher on the back of strong competition from legitimate buyers in China and Europe.

According to the Mongol Cashmere Association (MCA), current annual revenues of around $180m are dominated by sales of raw cashmere, which makes up 80% of exports. If the country had the capacity to refine all of its cashmere before exporting it, profits could rise to between $480m and $520m. The MCA also said in May that the government’s plan to raise MNT100bn ($78.2m) in financing for the sector could lead to the addition of around 1800 jobs for the industry.

On October 10 the prime minister thanked farmers and other agriculture workers on behalf of the government for the biggest harvest in the country’s history, with 433,400 tonnes of wheat, 191,500 tonnes of potato and 97,200 tonnes of vegetables having been produced. The agriculture ministry reported in July that 160,000 stockholders were breeding approximately 43m livestock.

The positive results in agricultural output come as plans to establish an agricultural raw materials exchange are gathering pace. Set to start work in January 2012, the proposed exchange is hoped to do away with middlemen and allow herders to deal directly with buyers of their goods and products, with the aim of ensuring fair prices for both and also improving product quality.

Although the agriculture sector is showing signs of development, the UN Industrial Development Organisation stressed in a February report that it is equally important for the government to maintain a focus on manufacturing, which employed just 48,000 Mongolians in 2008. The UN body suggested there should be regular dialogue between the public and the private sectors, with the government providing support in the form of credits, improved infrastructure, and training and education initiatives.

Link to article

 

Table: Mongolia Related Stocks (Source: Bloomberg)

 

Name

Symbol

$

Price

Change

+-%

Open

High

Low

Volume

Time

% YTD

% 12 m

Indices

ASX 200

AS51:IND

4,298.10

-55.1997

-1.27%

4,349.20

4,358.20

4,298.10

-

31-Oct

 

 

Nikkei 225

NKY:IND

8,988.39

-62.0801

-0.69%

9,011.18

9,152.39

8,988.39

-

31-Oct

 

 

Hang Seng

HSI:IND

19,864.87

-154.371

-0.77%

20,027.72

20,155.62

19,699.33

-

31-Oct

 

 

FTSE 100

UKX:IND

5,544.22

-158.02

-2.77%

5,702.24

5,702.24

5,544.22

-

31-Oct

 

 

TSX Composite

SPTSX:IND

12,252.06

-267.45

-2.14%

12,416.88

12,510.84

12,252.06

-

31-Oct

 

 

S&P 500

SPX:IND

1,253.30

-31.7899

-2.47%

1,284.96

1,284.96

1,253.16

-

31-Oct

 

 

ASX

Aspire Mining

AKM:AU

A$

0.425

-0.015

-3.41%

0.445

0.445

0.415

1,001,558

31-Oct

-11.46%

34.92%

Blina Minerals

BDI:AU

A$

0.014

-0.002

-12.50%

0.016

0.016

0.014

1,289,000

31-Oct

-6.67%

-12.50%

C@

CEO:AU

A$

0.062

-0.003

-4.62%

0.068

0.068

0.062

1,317,220

31-Oct

121.43%

264.71%

General Mining

GMM:AU

A$

0.08

0

0.00%

0.08

0.08

0.08

12,250

31-Oct

-33.33%

-50.00%

Guildford Coal

GUF:AU

A$

0.99

-0.01

-1.00%

0.97

1

0.97

232,017

31-Oct

35.62%

80.00%

Haranga Resources

HAR:AU

A$

0.22

0

0.00%

0.22

0.22

0.22

1,189,054

31-Oct

-65.63%

 

Hunnu Coal

HUN:AU

A$

1.79

0

0.00%

1.79

1.795

1.79

1,617,531

31-Oct

34.08%

79.00%

Mongolian Res Corp

MUB:AU

A$

0.26

0

0.00%

0.25

0.26

0.25

0

30-Sep

 

-36.59%

Robe Australia

ROB:AU

A$

0.013

-0.002

-13.33%

0.013

0.013

0.013

78,333

31-Oct

39.04%

91.18%

TVN Corp.

TVN:AU

A$

0.054

0.003

5.88%

0.055

0.056

0.054

4,114,136

31-Oct

440.00%

671.43%

Voyager Resources

VOR:AU

A$

0.082

0.001

1.23%

0.081

0.084

0.08

4,250,576

31-Oct

52.91%

106.43%

Xanadu Mines

XAM:AU

A$

0.41

-0.03

-6.82%

0.415

0.415

0.41

35,435

31-Oct

-27.43%

MSE

Top 20

Aduunchuluun 

ADL:MO

MNT

7,900

-2

-0.03%

8,000

8,200

7,900

530

31-Oct

-1.25%

102.56%

APU

APU:MO

MNT

3,240

0

0.00%

3,240

3,250

3,240

676

31-Oct

62.81%

92.86%

Baganuur 

BAN:MO

MNT

16,010

-15

-0.09%

16,500

16,500

16,010

158

31-Oct

52.48%

150.16%

Mogoin Gol

BDL:MO

MNT

30,000

0

0.00%

30,000

30,000

30,000

210

31-Oct

154.24%

233.33%

BDSec 

BDS:MO

MNT

3,900

0

0.00%

3,900

3,900

3,900

0

25-Oct

56.00%

62.50%

Bayangol Hotel

BNG:MO

MNT

38,000

0

0.00%

38,998

38,998

38,000

10

31-Oct

59.00%

68.88%

Bayanteeg 

BTG:MO

MNT

42,989

0

0.00%

42,989

42,989

42,989

0

21-Oct

Gobi 

GOV:MO

MNT

5,100

0

0.00%

5,100

5,100

5,100

160

31-Oct

-8.93%

-4.67%

Khukh Gan

HGN:MO

MNT

200

0

0.00%

200

200

200

2,202

31-Oct

6.95%

20.48%

Jenko Tour Bureau

JTB:MO

MNT

99

0

0.00%

99

99

99

2,331

31-Oct

5.32%

1.02%

Telecom Mongolia

MCH:MO

MNT

2,650

0

0.00%

2,650

2,650

2,650

13

31-Oct

-24.29%

-22.06%

Mongolia Dev Res

MDR:MO

MNT

1,200

0

0.00%

1,200

1,200

1,200

4,520

31-Oct

-7.69%

-0.74%

Hotel Mongolia

MSH:MO

MNT

900

100

12.50%

801

900

801

53

31-Oct

63.64%

Remikon 

RMC:MO

MNT

151

-1

-0.66%

151

152

150

69,722

31-Oct

109.72%

96.10%

Sharyn Gol 

SHG:MO

MNT

12,300

500

4.24%

11,850

12,395

11,850

2,703

31-Oct

17.14%

16.04%

Shivee Ovoo

SHV:MO

MNT

25,000

-500

-1.96%

25,005

25,008

25,000

123

31-Oct

92.31%

81.16%

Suu 

SUU:MO

MNT

70,000

0

0.00%

70,000

70,000

70,000

28

31-Oct

233.54%

567.30%

Talkh Chikher

TCK:MO

MNT

10,000

0

0.00%

10,000

10,000

10,000

2

31-Oct

170.27%

226.80%

Tavantolgoi

TTL:MO

MNT

11,300

-300

-2.59%

11,600

11,600

11,300

1,527

31-Oct

96.18%

139.08%

State Dept Store 

UID:MO

MNT

430

-20

-4.44%

430

430

430

668

31-Oct

0.00%

1.90%

HKEx

Solartech Int’l

1166:HK

HKD

0.233

-0.005

-2.10%

0.235

0.242

0.221

13,135,000

31-Oct

-75.73%

-75.21%

Winsway

1733:HK

HKD

2.59

-0.01

-0.38%

2.56

2.83

2.55

14,542,699

31-Oct

-42.37%

-28.61%

SouthGobi Resources

1878:HK

HKD

62.55

0

0.00%

62.95

62.95

62.5

6,450

31-Oct

-37.14%

-25.54%

China Gold

2099:HK

HKD

23.35

0.15

0.65%

23.5

23.65

23.3

33,100

31-Oct

-44.40%

CNNC Int’l

2302:HK

HKD

2.28

0.03

1.33%

2.43

2.43

2.19

459,000

31-Oct

-73.79%

-66.96%

Real Gold Mining

246:HK

HKD

8.81

0

0.00%

8.81

8.81

8.81

0

31-Oct

-34.28%

-35.51%

Mongolia Energy

276:HK

HKD

0.76

0.01

1.33%

0.76

0.8

0.74

46,623,142

31-Oct

-67.24%

-74.41%

Zijin Mining

2899:HK

HKD

3.37

-0.09

-2.60%

3.53

3.65

3.33

25,519,608

31-Oct

-28.56%

-29.54%

Mongolia Inv Group

402:HK

HKD

0.051

-0.002

-3.77%

0.053

0.055

0.051

13,465,263

31-Oct

-65.54%

-73.16%

North Asia Resources

61:HK

HKD

0.44

-0.045

-9.28%

0.46

0.46

0.38

3,541,495

31-Oct

-51.65%

-67.88%

China Daye Non-Fer.

661:HK

HKD

0.43

0

0.00%

0.435

0.44

0.42

1,854,000

31-Oct

-23.21%

-8.51%

Bestway Int’l

718:HK

HKD

0.044

-0.005

-10.20%

0.05

0.05

0.043

250,000

31-Oct

-68.79%

-73.17%

Asia Coal

835:HK

HKD

0.14

-0.002

-1.41%

0.142

0.142

0.14

630,000

31-Oct

-44.00%

-44.00%

Mongolian Mining

975:HK

HKD

6.98

-0.02

-0.29%

7.1

7.1

6.68

4,789,220

31-Oct

-23.04%

-16.81%

SGX

LionGold

LIGO:SP

SGD

0.87

0.005

0.58%

0.865

0.875

0.86

9,095,000

31-Oct

19.18%

100.00%

LSE

Central Asia Metals

CAML:LN

GBp

68

0

0.00%

68

68

68

0

31-Oct

-24.65%

-21.16%

Petro Matad

MATD:LN

GBp

21.75

-0.75

-3.33%

22.5

22.75

21.75

517,938

31-Oct

-82.17%

-84.24%

Metal-Tech

MTT:LN

GBp

5

0

0.00%

5

5

5

0

31-Oct

-67.74%

-67.74%

Origo Partners

OPP:LN

GBp

33.5

0.5

1.52%

33

33.5

33

1,133,419

31-Oct

-18.29%

-12.99%

North

America

Aberdeen Int’l

AAB:CN

CAD

0.68

0

0.00%

0.66

0.68

0.66

14,200

31-Oct

-15.91%

22.45%

Blue Zen Mem. Parks

BZM:CN

CAD

0.16

0

0.00%

0.16

0.16

0.16

500

31-Oct

Centerra Gold

CG:CN

CAD

19.76

0.23

1.18%

19.21

20.09

19.21

443,746

31-Oct

1.73%

-0.82%

China Gold

CGG:CN

CAD

3.01

-0.11

-3.53%

3.1

3.16

3.01

238,853

31-Oct

-44.57%

-40.04%

Denison Mines

DML:CN

CAD

1.57

-0.05

-3.09%

1.58

1.58

1.53

1,355,937

31-Oct

-53.96%

-26.64%

Denison Mines

DNN:US

USD

1.58

-0.05

-3.07%

1.55

1.59

1.53

1,226,870

18:40

-53.80%

-24.76%

East Asia Minerals

EAS:CN

CAD

0.88

-0.02

-2.22%

0.86

0.95

0.83

1,226,775

31-Oct

-89.05%

-87.04%

Entree Gold

EGI:US

USD

1.92

-0.02

-1.03%

1.85

1.95

1.81

52,564

18:40

-44.51%

-25.58%

Erdene Resource

ERD:CN

CAD

0.445

0.045

11.25%

0.4

0.49

0.4

763,200

31-Oct

-64.11%

-21.93%

Entree Gold

ETG:CN

CAD

1.89

-0.01

-0.53%

1.75

1.95

1.75

57,158

31-Oct

-45.53%

-28.41%

Fortress Minerals

FST:CN

CAD

4.8

0.8

20.00%

4.75

4.8

4.75

1,050

31-Oct

10.34%

33.33%

Garrison Int’l

GAU:CN

CAD

0.03

0

0.00%

0.03

0.03

0.03

0

17-Oct

-66.67%

-33.33%

Gulfside Minerals

GMG:CN

CAD

0.085

-0.005

-5.56%

0.09

0.09

0.08

12,000

31-Oct

-10.53%

-48.48%

Green Tech Solutions

GTSO:US

USD

0.1

-0.015

-13.04%

0.12

0.12

0.09

310,126

17:20

 

 

Ivanhoe Energy

IE:CN

CAD

1.23

-0.05

-3.91%

1.28

1.28

1.23

258,537

31-Oct

-54.78%

-53.41%

Ivanhoe Energy

IVAN:US

USD

1.26

-0.05

-3.82%

1.29

1.29

1.25

346,377

17:19

-53.68%

-51.54%

Ivanhoe Mines

IVN:CN

CAD

20.4

-0.38

-1.83%

20.21

21.26

20.01

3,901,221

31-Oct

-11.30%

-11.49%

Ivanhoe Mines

IVN:US

USD

20.51

-0.48

-2.29%

20.29

21.33

20.11

3,232,217

18:40

-10.51%

-9.61%

Kincora Copper

KCC:CN

CAD

0.32

0

0.00%

0.32

0.32

0.32

0

28-Oct

18.52%

166.67%

Khan Resources

KRI:CN

CAD

0.26

0.02

8.33%

0.265

0.265

0.235

29,200

31-Oct

-45.83%

-38.10%

Long Harbour

LHC:CN

CAD

0.12

0

0.00%

0.125

0.125

0.12

0

27-Oct

 

 

Lucky Strike

LKY:CN

CAD

0.63

-0.07

-10.00%

0.69

0.69

0.63

25,000

31-Oct

-56.55%

53.66%

Lucky Strike

LKYSF:US

USD

0.6817

0

0.00%

0.6815

0.6817

0.6815

0

24-Oct

-51.95%

 

Meritus Minerals

MER:CN

CAD

0.045

0

0.00%

0.045

0.045

0.045

50,000

31-Oct

-77.50%

-85.94%

Manas Petroleum

MNAP:US

USD

0.195

0

0.00%

0.195

0.195

0.195

16,936

17:20

-67.50%

-61.00%

Mongolia Growth Grp

MNGGF:US

USD

4.5215

-0.0275

-0.60%

4.4455

4.5555

4.4455

10,200

17:20

 

 

Blue Wolf Mongolia

MNGL:US

USD

9.58

0

0.00%

9.59

9.61

9.58

0

14-Oct

 

 

Blue Wolf Mongolia

MNGLU:US

USD

10.15

0

0.00%

10.15

10.15

10.15

102,946

17:19

 

 

Manas Petroleum

MNP:CN

CAD

0.155

0

0.00%

0.155

0.155

0.155

0

25-Oct

 

 

Prophecy Coal

PCY:CN

CAD

0.53

-0.03

-5.36%

0.55

0.57

0.52

550,417

31-Oct

-38.70%

-20.39%

Prophecy Coal

PRPCF:US

USD

0.5571

0.0005

0.09%

0.527

0.5571

0.527

18,065

17:20

-36.83%

-14.21%

Puget Ventures

PVS:CN

CAD

0.49

0

0.00%

 

 

 

0

17-Sep

 

 

SouthGobi Resources

SGQ:CN

CAD

8.32

0.23

2.84%

8.2

8.91

8.2

1,324,969

31-Oct

-31.69%

-23.81%

Solomon Resources

SRB:CN

CAD

0.08

-0.005

-5.88%

0.085

0.085

0.08

51,000

31-Oct

-62.79%

-76.81%

Wedge Energy

WEG:CN

CAD

0.015

0

0.00%

 

 

 

0

3-Aug

 

 

Mongolia Growth Grp

YAK:CN

CAD

4.49

-0.01

-0.22%

4.41

4.52

4.41

12,988

31-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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