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Mining firm eyes Mongolian cash
Goal to raise up to $2 million
November 16 (TheChronicleHerald.ca) Junior mining companies must go where the money is when searching for capital.
But Mongolia?
Halifax-based Erdene Resource Development Corp. Wednesday announced that it intends to raise up to $2 million through a private equity placement with Mongolian investors.
“We really do believe that we’re being welcomed as a guest in that country,” said Peter Akerley, Erdene’s president and CEO. “We want to do everything we can to ensure that the communities that welcome us have some benefit from our presence.”
Erdene isn’t new to the Mongolian steppes. Since 2009 it has been exploring for copper, gold and molybdenum in prospects in southwestern Mongolia near the Chinese border.
The local company has plenty of company. The development of Mongolia’s vast, but virtually untapped, mineral resources has triggered an economic boom in the country, which is sandwiched between China and Russia.
Fully one-third of Mongolia’s three million inhabitants are still nomads. Even so, the International Monetary Fund foresees double-digit annual growth for the country for years to come. Gross Domestic Product per capita — currently a mere $2,000 — is expected to quadruple by 2018.
“There’s a growing group of high net-worth individuals in Mongolia,” said Akerley. “They are also extremely knowledgeable about mining and are hungry to have a chance to participate in the boom.”
Akerley expects that 20 to 25 Mongolian investors will share the Erdene issue. Through a local brokerage house, Mongolia International Capital Corp., the company is issuing up to five million common shares at a price of 40 cents each.
Wednesday, Erdene’s shares were trading at around 41 cents apiece on the TSX.
Akerley said that his company plans to use the money for more exploratory drilling on its Mongolian properties.
Earlier this week, the company recorded a loss of $1.3 million in the third quarter of 2011, up from a loss of $834,437 for the same period in 2010.
Erdene holds a 25 per cent stake in Xstrata Coal Canada Ltd.’s plan to develop the Donkin coal field in Cape Breton.
Erdene Announces Private Placement through Mongolian International Capital Corporation
HALIFAX, NOVA SCOTIA--(Marketwire - Nov. 16, 2011) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce that it intends to issue, by way of a brokered private placement, up to 5,000,000 common shares of the Company at a price of $0.40 per share for gross proceeds of up to $2,000,000 (the "Private Placement").
"As our company continues to advance our activities in Mongolia, now enhanced by our new gold discovery, we are very pleased to provide Mongolian investors an opportunity to invest in the company", said Peter Akerley, President and CEO. "We believe it is of strategic value to the company to increase our Mongolian shareholder base and are pleased to do so through a Mongolian firm reflecting the increasing maturity of the mining investment sector in the country as one of the many benefits of the rapidly growing mining industry."
Mongolia International Capital Corporation ("MICC") will be the broker for the transaction and will be entitled to a commission in the amount of 6.0% of the gross proceeds received from the sale of the common shares, payable in cash. MICC will be targeting a group of Mongolian high net worth investors to complete the private placement.
Net proceeds of the Private Placement will be used for exploration of the Company's projects in Mongolia and working capital. Exploration expenditures will primarily be directed to the Altan Nar project where drilling recently commenced (Erdene Commences Drilling at Altan Nar Epithermal Gold Project Southwest Mongolia. Halifax, Nova Scotia - November 10, 2011) to follow-up on the initial discovery announced in October 2011.
The Private Placement is scheduled to close by November 25, 2011 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval and acceptance by the Toronto Stock Exchange. All securities to be issued pursuant to the private placement will be subject to a four month hold period.
Lucky Strike: CN Coal Project Due Diligence Step-Out Drilling Intersects Coal in 7 out of 8 Drillholes
VANCOUVER, Nov. 16, 2011 /PRNewswire/ - Lucky Strike Resources Ltd. ("Lucky Strike" or the "Company") (TSXV: LKY), is pleased to announce seven out of eight drill holes encountered significant coal mineralization in its due diligence drilling program on the CN Coal Project. The coal properties covers a contiguous area of 13,096 hectares (131 sq.km) located approximately 175 km SW of the capital city of Ulaanbaatar and 45 km SE of the Buren Soum village center in the Tuv Aimag province in Mongolia.
The seven drillholes intersecting coal mineralization were step-out holes beyond the previously drilled area, expanding the area containing coal mineralization intercepts from 8 square km (a 4 km by 2 km area) to 24 square km (a 6 km by 4 km area). A total of 1,517 meters in eight drill holes were completed using primarily a poly-crystalline diamond (PCD) rotary drill bit. Six drill holes intersecting coal mineralization were spaced along an approximately 6 km strike within the license areas under option by Lucky Strike, and the coal intercepts are open at both ends of the 6 km strike length ascertained by the latest drilling effort. Also, coal was intercepted in holes spaced approximately two kilometers apart from one another outside the previously drilled area in a down-dip direction. See Table for a brief summary of drill hole parameters and results.
Two drill holes (33R and 38R), spaced approximately 900 meters apart on strike, each intercepted approximately 39 metres of coal mineralization in individual seams. It is reasonable to interpret these intercepts as possibly being correlative coal seams based on their similar thickness, overall stratigraphy, geomorphic interpretation of possible surface expressions of fault structures, and their relative proximity to one another.
Results of the 2011 exploration program are as follows:
Table 1 - Drilling Results
Drill Hole | Northing | Easting | Drill Depth | Total Coal | Thickest | Thickest Seam |
CN-11-33R | 5168648 | 538517 | 256 | 52.70 | 39.2 | 143.8-183.0 |
CN-11-34C | 5166594 | 539927 | 181 | 24.49 | 7.75 | 76.7 - 84.6 |
CN-11-35R | 5165663 | 541896 | 175 | 11.0 | 11.0 | 88.0-97.0 |
CN-11-36R | 5164850 | 542440 | 100 | 15.0 | 12.0 | 76.0-88.0 |
CN-11-37R | 5169036 | 538167 | 148 | 12.0 | 12.0 | 19.0-31.0 |
CN-11-38R | 5169555 | 538480 | 145 | 39.0 | 39.0 | 70.0-109.0 |
CN-11-39R | 5171753 | 544306 | 256 | No coal | | |
CN-11-40R | 5168601 | 540965 | 256 | 17.0 | 5.0 | 249.0-254.0 |
Lucky Strike's principal focus was to understand the potential to increase the known mineralized area by means of step-out drilling. Beyond this, the Company completed proximate analysis, ash fusion, wash sink and float testing for the CN-11-34C core hole samples to understand the commercial potential of the CN Coal deposit in terms of the coal quality. The results in the following summary tables 2 to 6 showed thermal coal quality values, a high degree of washability and other coal characteristics that are suitable for coal-fired boiler systems. The potential for a sizable deposit and commercial use of the CN Coal deposit are important factors for Lucky Strike to consider in its decision whether to advance the project.
Table 2 - Washability Characteristics of Composites 1 & 2
…
Coal samples from the core hole were sent to SGS Laboratory, in Ulaanbaatar for coal quality testing. Norwest Corporation guided the general layout of the due diligence drilling program, supervised and verified the core sampling procedure for all coal quality samples.
Considering the positive confirmation of the coal deposit and significant extension of the known mineralized area by the step-out drilling program results, Lucky Strike will aim to further explore the CN Project to test the potential to further increase the size of the coal deposit. The coal beds are part of the lower Cretaceous Dzuunbayan suite of terrigenous sediments that were deposited in Cretaceous rift valleys during a period of basin and range-style structural extension in central Mongolia. The Dzuunbayan suite is part of a sediment series carrying significant coal resources in the Choir-Nyalga Coal Basin.
In accordance to the NI 43-101, five coal seams of economic interest have, thus far, been intersected by drilling on the CN coal property. The coal beds, which dip gently 7o to 10o north-eastward into the property block from the nearby western block boundary, provide supporting evidence that the interior of the license block has additional coal resource potential. Additionally, from historic and published mapping and initial Lucky Strike field studies, the dipping strata may form the west flank of a gentle synclinal fold. It implies a possible return to shallower depths of the coal beds to the northeast. This will need to be confirmed by future drilling, geophysical surveys, and additional geologic mapping. The coal seams intersected in the 2009 and 2011 drilling were less than 280 metres in depth; however, the dip of the seams suggests that the lower seams extend below a depth of 280 metres to the northeast.
Shenhua (‘s TT bid) review near completion, (stake needs to be reduced)
November 16 (China Daily) Mongolia may conclude its review of China Shenhua Energy Co's bid to help develop the Tavan Tolgoi coal deposit by January, according to Tsedenjav Sukhbaatar, the country's ambassador to China.
The review "should be concluded very soon, hopefully before the Lunar New Year (Jan 23, 2012)", said Sukhbaatar in Hong Kong on Tuesday. The Beijing-based Shenhua is an important investor in the venture, "but Shenhua's stake needs to be reduced", he said.
Robe: Chairman’s Address to Shareholders
November 16, Robe Australia Limited (ASX:ROB) --
Link to Monthly Report – November 16
MicroEnergy Credits provides clean energy to XacBank’s microfinance clients
Microfinance Focus, November 17, 2011: Mongolia’s microfinance institution XacBank in collaboration with MicroEnergy Credits is offering clean energy to its clients. “We are privileged to be the first microfinance institution to provide carbon emissions reductions to offset the Global Microcredit Summit 2011”, said XacBank’s VP of Retail Banking Delgerjargal Bayanjargal.
The emissions reductions have been generated by over 400 insulation coverings used by gers, traditional felt homes in Ulaanbaatar, Mongolia. This carbon funding will enable microfinance households to access improved home insulation, which significantly reduces the amount of coal burned for home heating.
Bayanjargal and April Allderdice, CEO of MicroEnergy Credits (MEC) will participate as panellists in the session Accessing Carbon Finance through Clean Energy Lending Programs at the 2011 Global Microcredit Summit in Valladolid, Spain. The session will detail how microfinance institutions can scale clean energy programs.
To date, XacBank has distributed over 20,000 energy efficient stoves and over 7,000 ger blankets, resulting in total reduction of over 42,100 tons of carbon dioxide emissions. In December 2009, with the purchase of emissions reductions by MicroEnergy Credits, XacBank became the first microfinance institution in the northern hemisphere to receive carbon revenues.
XacBank and MicroEnergy Credits launched a clean energy program in 2009 to address pollution by providing access to affordable energy efficient products, including ger blankets and improved cooking stoves, which can each family’s fuel use in half.
Cabinet: MINISTER ABOUT "NEW RAILWAY" PROJECT
Ulaanbaatar, Mongolia, November 16 /MONTSAME/ The Minister of Roads, transportation, construction and urban development, Kh.Battulga introduced a process of “New railway” project and financing required for it, at the Cabinet meeting on Wednesday.
In connection with this, the Cabinet has obliged the Board of directors of the Development bank to finance withion this month works such as technical-economic justification, detailed geology, geodesy and environmental impact assessment, and lands stripping.
Within the “New railway” project, 468 km railroad will be built in Tavan tolgoi-Sainshand route, 450 km--in Sainshand-Khoot, 155 km--Khoot-Choibalsan, 380 km--in Khoot-Nomrog, 267 km--in Tavan tolgoi-Gashuunsukhait, and 46 km--in Nariinsukhait-Shiveekhuren direction.
As calculated, the railroad's one km base structure will be built at 2.5-2.8 million US dollars, and that by putting into use these railroads by 2020 some 66 million tons of coal will be transported a year.
Survey says 39.2 percent of Mongolia’s population is poor
November 17 (news.mn) The Standing Committee on Social Policy, Education, Culture and Science, and the Ministry of Social Welfare and Labor jointly organized a high-level meeting about reducing poverty on Wednesday. The meeting was held in the Government House.
Participants noted that the state’s welfare policy should support employment programs but not cash allowances. Employment improves a citizen’s standard of living and reduces poverty, they said.
According to the National Statistics Committee, 39.2 percent of Mongolia’s population was poor in 2010.
The Ministry of Social Welfare and Labor also noted that even citizens who work are not immune to poverty. This means that even employed citizens may need state assistance. That is why some MPs say more attention needs to be paid to the working poor in the draft welfare law now under discussion in Parliament.
MP D.Dondog said some elderly citizens are unable to get their motherland allowance in local settlements. Also some poor families were unable to get gers from the Welfare Fund, which grants ger to poor families. He noted that managing officials in soums have not granted state loans to some poor citizens because they have no collateral.
MP P.Altangerel said countryside residents are impoverished. According to the National Statistics Committee, 47.8 percent of countryside residents were poor in 2010, while 32.8 percent of Ulaanbaatar residents were poor. He added that the salaries of agriculture workers are small, which is one reason countryside citizens are poor.
Mongol Bank had deficit of MNT 145 billion in 2010
November 16 (news.mn) The Standing Committee on Economics discussed the income and expenditures of the Treasury Fund of 2011 on Tuesday.
The main topic of discussion was the fact that Mongol Bank ran a deficit of MNT 145 billion in 2010. Committee members said that managing officials of the bank should take responsible measures for dealing with the deficit, and they suggested amending the law on the central bank.
Mongol Bank President L.Purevdorj stated that the bank will refund the deficit by the end of this year.
Electronic signatures will not be used in 2012 election
November 17 (news.mn) The Standing Committee on Justice discussed a draft law on electronic signatures and related amendments on Tuesday. Members decided that the law will not take effect until January 1, 2013, meaning electronic signatures will not be used in the 2012 parliamentary election.
Members did approve provisions detailing the fines that violators of the law will be subject to. An individual found guilty of violating the law will be fined five to ten times his or her salary. Minimum fines were also established for private organizations and legal bodies that violate the law.
Cabinet: HEALTH INSURANCE PREMIUM PERCENTAGE CHANGED
Ulaanbaatar, Mongolia, November 16 /MONTSAME/ The Cabinet meeting on Wednesday decided to fix at four percent the health insurance premium paid every month by entities and organizations' staffers.
A volume of these four percent is to depend on salaries or on equal to them income. A sum of 670 togrog will pay monthly students of universities and colleges, herders, prisoners, and foreign and stateless citizens--a money equal to 6 percent of their minimum salary.
The decision will come to force in first of January of 2012.
Cabinet: MONGOLIA'S HARVEST AND MINISTER'S TASK
Ulaanbaatar, Mongolia, November 16 /MONTSAME/ The Cabinet has obliged the Minister of Food agriculture and light industry T.Badamjunai to work out some proposals.
At the cabinet meeting on Wednesday he was told that they must be about stabilizing achievement of agriculture, introducing latest hi-teh, improving a quality of seeds, increasing plants, especially a vegetable production, strengthening a capability of farming, and be submitted to the Cabinet within January of 2012.
This year Mongolia harvested 448,1 thousand ton of grain, of them 437,9 thousand ton is wheat, also 199,2 thousand ton of potatoes, 105,2 thousand ton of vegs, 4,5 ton of barley, 4,3 thousand ton of oat, 624 ton of rye, 568 ton of buckwheat, 4,5 ton of oil plants, and 34,3 thousand ton of fodder plants.
It lets us fully provide our needs in wheat and potatoes, and in vigs--by 62,6 percent. Against the 2011 harvest, a volume of grain has gone up by 81,8 thousand ton, of potatoes--by 30,2 thousand ton, and of vegs--by 14,9 thousand ton.
Standards Council of Canada and Mongolian Agency for Standards and Metrology prioritize sectors for standardization cooperation
OTTAWA, Nov. 16, 2011 /CNW/ - The Standards Council of Canada (SCC) is pleased to announce the successful outcomes of a three-day information exchange with representatives from the Mongolian Agency for Standards and Metrology (MASM). Building on the Memorandum of Understanding (MOU) signed in 2010, SCC and MASM met to explore and prioritize standardization sectors of mutual interest and to agree on a framework for advancing their cooperation agreement.
Among the priority sectors identified in discussions by SCC and MASM are: mining, transportation infrastructure, winter roads and building construction, urban planning, emergency preparedness, and environmental protection. Canadian standardization expertise and experience is of considerable interest to Mongolia because of similar climatic conditions.
"This meeting helped to deepen our awareness of the important links between our two countries" said SCC's Chief Executive Officer, John Walter. "SCC is eager to explore further standardization opportunities with MASM in the hopes that it will enhance market access for both Canadian and Mongolian exporters."
"Our discussions with the Standards Council of Canada were very productive" noted MASM's Acting Chairman, Mr. Enkhtaivan Gurjav. "Canada's experience and expertise in standardization is a valuable model for Mongolia. We are eager to continue to work with Standards Council of Canada to further cooperation between Canada and Mongolia".
In addition to engaging MASM delegates on standards-related topics with senior SCC staff, and with Dr. Sam Shaw, the Vice-Chair of the SCC governing Council, the SCC facilitated meetings with representatives from Natural Resources Canada, the National Research Council of Canada, Transport Canada, and the Federation of Canadian Municipalities.
This latest exchange between SCC and MASM on standardization infrastructure will contribute to Canada's relationship with Mongolia as an important trading partner; shared standardization practices will serve to strengthen those ties, reduce trade barriers and open the door to new trading opportunities. SCC technical experts will visit MASM in the coming months to engage with relevant Mongolian stakeholders and move forward with the work plan established at this SCC-hosted meeting in Canada.
Mongolia Last in World Energy Council’s 2011 Energy Sustainability Index
November 2011, World Energy Council --
Link to “Policies for the future: 2011 Assessment of country energy and climate policies” report
Time to stop celebrating the polluters
The United Nations must include sustainability in its quality-of-life index to encourage countries to develop responsibly, says Chuluun Togtokh.
November 16 (Nature) The United Nations Development Programme this month released its annual league table of countries judged according to their state of development. Who leads this ranking? The usual suspects: the United States, Canada and Australia are all among the top six. My own nation, Mongolia, languishes in 110th place.
The UN goes out of its way to promote sustainable development, yet the Human Development Index (HDI) mostly ignores sustainability. Worse still, the index celebrates gas-guzzling developed nations. It is time that this failure — hidden in plain sight — was exposed and corrected.
The HDI has set straightforward benchmarks for countries and international organizations for more than 20 years. Its success and influence owes much to its simplicity. The index brilliantly summarizes development and quality of life in a given country using health, education and income levels. Yet it fails to cover an increasingly crucial question: how responsible is that development? With Earth's human population reaching 7 billion in the past month, it is reasonable to question the UN's true commitment to sustainability.
In the current HDI, developed nations and oil-rich countries are placed highly without regard to how much their development paths cost the planet and imperil humanity's future development. There is an assumption that natural resources are unlimited, and little regard is given to the fundamental changes to Earth's biological, physical and chemical processes that result from development. Either we have unbridled optimism that a miracle will occur, or our scepticism about our ability to overcome this massive challenge is so paralysing that we do not even bother to try.
In 1992, the first UN Earth Summit in Rio de Janeiro, Brazil, defined the three pillars of sustainable development: economic, social and environmental growth. Globally, humanity has had remarkable success with the first two of these. But we have failed to tackle all three dimensions simultaneously, owing to reductionism, fragmentation, division and territoriality. The HDI is emblematic of this fragmented approach.
As the UN prepares to return to Rio de Janeiro for the Earth Summit 2012, it must lead by example. From next year, it should change the way it calculates the HDI. The revised index should include each nation's per capita carbon emissions, and so become a Human Sustainable Development Index (HSDI).
“Progress in the development index has come at the cost of global warming.”
Per capita emissions are a simple, available and quantifiable indicator, and this month's report announcing the HDI did include some important analysis of them. Emissions are positively and strongly correlated with income; less so with the HDI; and not at all with health and education. And in general, the faster a country's HDI improves, the faster its carbon dioxide emissions increase. The bottom line is that progress in the HDI has come at the cost of global warming. But these environmental costs are related only to economic growth, not to broader gains in the HDI, and the relationship is not fixed. Some countries have advanced in both the HDI and environmental sustainability.
How would inclusion of emissions affect the HDI? To find out, I recalculated the index using the UN's published methodology, but taking per capita emissions into account. The resulting HSDI gives some interesting results.
Australia, the United States and Canada fall straight out of the top 10: Australia slides from 2nd place to 26th, the United States drops from 4th to 28th, and Canada falls from 6th to 24th.
Cultures that value moderation do well in this sustainability index: Norway remains in the top position, Sweden rises from 10th to 2nd and Switzerland moves from 11th to 3rd. But anyone who has visited the Nordic countries will recognize that moderation need not compromise a high standard of living. And for the first time, an Asian state appears in the top ten. Hong Kong rises from 13th place to 4th. Japan and South Korea, originally just outside the top ten, move down by only one or two places.
Noticeably, oil-producing countries and those with intensive oil use drop the most. The United Arab Emirates, Brunei Darussalam, Qatar, Luxembourg and Bahrain are no longer listed in the 'Very High Human Development' quartile.
Using the HSDI, Mongolia advances slightly. My country is likely to become one of the fastest growing economies in the world, but the current HDI offers no encouragement for it to grow sustainably. Ulaanbaatar is already one of the worst capital cities in the world for air pollution. The country's water, forage and forest resources are depleted. Mongolia is at a turning point in environmental, social, economic, political and cultural development. We urgently need international collaborations to preserve our natural and cultural systems and introduce green technologies.
It seems part of human nature at all levels to compete, and this can be harnessed. The HDI has shifted the target of development beyond the almighty dollar; the proposed HSDI would go one step further, and change the role models for development. We need such a change because, if the UN continues to encourage countries such as Mongolia to aspire to the US lifestyle, we will all be in serious trouble.
Chuluun Togtokh is a professor of ecosystem and sustainability sciences at the National University of Mongolia in Ulaanbaatar and vice-chair of Mongolia’s Global Change National Committee. e-mail: chuluun@warnercnr.colostate.edu
Related:
Scientist says development index wrong - UPI, November 16
Why the U.N.’s Development Index is destroying the future- io9, November 16
Sustainability Score Turns World Order Upside Down- Wired, November 16
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 4,247.40 | -38.2002 | -0.89% | 4,291.20 | 4,307.50 | 4,247.40 | - | 16-Nov | ||||
Nikkei 225 | 8,463.16 | -78.7695 | -0.92% | 8,546.75 | 8,567.64 | 8,459.30 | - | 16-Nov | |||||
Hang Seng | 18,960.90 | -387.539 | -2.00% | 19,483.10 | 19,483.10 | 18,768.67 | - | 16-Nov | |||||
FTSE 100 | 5,509.02 | -8.41992 | -0.15% | 5,517.44 | 5,562.91 | 5,450.24 | - | 16-Nov | |||||
TSX Composite | 12,174.36 | -54.9092 | -0.45% | 12,189.27 | 12,295.32 | 12,163.35 | - | 16-Nov | |||||
S&P 500 | 1,236.91 | -20.9 | -1.66% | 1,257.81 | 1,259.61 | 1,235.67 | - | 16-Nov | |||||
ASX | Aspire Mining | A$ | 0.365 | -0.015 | -3.95% | 0.375 | 0.38 | 0.365 | 1,342,193 | 16-Nov | -23.96% | 21.67% | |
Blina Minerals | A$ | 0.014 | 0.001 | 7.69% | 0.014 | 0.014 | 0.013 | 357,142 | 16-Nov | -6.67% | 0.00% | ||
C@ | A$ | 0.05 | -0.002 | -3.85% | 0.052 | 0.052 | 0.05 | 1,426,387 | 16-Nov | 78.57% | 138.10% | ||
General Mining | A$ | 0.055 | -0.001 | -1.79% | 0.058 | 0.058 | 0.055 | 70,000 | 16-Nov | -54.17% | -57.69% | ||
Guildford Coal | A$ | 0.915 | -0.035 | -3.68% | 0.945 | 0.95 | 0.895 | 499,560 | 16-Nov | 25.34% | 75.96% | ||
Haranga Resources | A$ | 0.275 | 0.025 | 10.00% | 0.26 | 0.275 | 0.25 | 584,112 | 16-Nov | -57.03% | |||
Hunnu Coal | A$ | 1.795 | 0.02 | 1.13% | 1.78 | 1.795 | 1.78 | 53,482 | 16-Nov | 34.46% | 54.74% | ||
Mongolian Res Corp | A$ | 0.13 | 0.01 | 8.33% | 0.125 | 0.13 | 0.12 | 677,716 | 16-Nov | -70.45% | |||
Robe Australia | A$ | 0.014 | -0.005 | -26.32% | 0.016 | 0.016 | 0.014 | 251,150 | 16-Nov | 49.73% | 83.01% | ||
TVN Corp. | A$ | 0.054 | 0 | 0.00% | 0.055 | 0.055 | 0.054 | 1,830,207 | 16-Nov | 440.00% | 440.00% | ||
Voyager Resources | A$ | 0.079 | -0.001 | -1.25% | 0.079 | 0.082 | 0.079 | 6,452,505 | 16-Nov | 47.32% | |||
Xanadu Mines | A$ | 0.41 | -0.025 | -5.75% | 0.44 | 0.44 | 0.41 | 383,124 | 16-Nov | -27.43% | |||
MSE A Board | Aduunchuluun | MNT | 7,780 | 0 | 0.00% | 7,800 | 7,800 | 7,750 | 0 | 15-Nov | -2.75% | 62.08% | |
APU | MNT | 3,385 | 85 | 2.58% | 3,380 | 3,450 | 3,380 | 1,974 | 16-Nov | 70.10% | 100.89% | ||
Atar Urguu | MNT | 38,500 | 0 | 0.00% | 38,500 | 38,500 | 38,500 | 0 | 4-Nov | 113.89% | |||
Baganuur | MNT | 14,400 | 150 | 1.05% | 14,499 | 15,000 | 14,250 | 947 | 16-Nov | 37.14% | 44.00% | ||
Mogoin Gol | MNT | 28,000 | 0 | 0.00% | 28,000 | 28,000 | 28,000 | 88 | 16-Nov | 137.29% | 209.22% | ||
BDSec | MNT | 3,700 | 0 | 0.00% | 3,750 | 3,750 | 3,700 | 0 | 15-Nov | 48.00% | 42.31% | ||
Bayangol Hotel | MNT | 39,899 | 0 | 0.00% | 38,999 | 39,899 | 38,999 | 0 | 15-Nov | 66.94% | 73.47% | ||
Bayanteeg | MNT | 31,100 | 0 | 0.00% | 30,000 | 31,100 | 30,000 | 32 | 16-Nov | ||||
UB BUK | MNT | 38,352 | 5002 | 15.00% | 38,352 | 38,352 | 38,352 | 1 | 16-Nov | 743.83% | |||
Eermel | MNT | 2,600 | -250 | -8.77% | 2,600 | 2,600 | 2,600 | 60 | 16-Nov | -9.57% | 48.57% | ||
Gobi | MNT | 5,000 | -100 | -1.96% | 5,050 | 5,050 | 5,000 | 96 | 16-Nov | -10.71% | -8.26% | ||
Gutal | MNT | 2,210 | 0 | 0.00% | 2,210 | 2,210 | 2,210 | 0 | 15-Nov | ||||
Hi B Oil | MNT | 200 | 0 | 0.00% | 200 | 200 | 200 | 10 | 16-Nov | 11.11% | 17.65% | ||
Khukh Gan | MNT | 196 | 0 | 0.00% | 196 | 196 | 196 | 10 | 16-Nov | 4.81% | 24.05% | ||
Hermes Centre | MNT | 52 | 0 | 0.00% | 53 | 53 | 52 | 0 | 15-Nov | -3.70% | -1.89% | ||
Jenko Tour Bureau | MNT | 96 | 0 | 0.00% | 96 | 96 | 96 | 288 | 16-Nov | 2.13% | -2.04% | ||
Telecom Mongolia | MNT | 2,750 | 0 | 0.00% | 2,700 | 2,750 | 2,700 | 0 | 10-Nov | -21.43% | -19.09% | ||
Mongolia Dev Res | MNT | 1,200 | 0 | 0.00% | 1,200 | 1,200 | 1,200 | 6,110 | 16-Nov | -7.69% | -14.29% | ||
Moninjbar | MNT | 136 | 0 | 0.00% | 139 | 139 | 136 | 0 | 15-Nov | 18.26% | |||
Mongol Nekhmel | MNT | 2,510 | 5 | 0.20% | 2,510 | 2,510 | 2,510 | 51 | 16-Nov | 93.08% | 164.21% | ||
Hotel Mongolia | MNT | 798 | 0 | 0.00% | 799 | 799 | 798 | 0 | 14-Nov | ||||
Darkhan Nekhii | MNT | 6,450 | -50 | -0.77% | 6,450 | 6,450 | 6,450 | 22 | 16-Nov | 31.63% | 101.56% | ||
Nak Tulsh | MNT | 200 | 0 | 0.00% | 220 | 220 | 200 | 0 | 15-Nov | -38.46% | -37.50% | ||
Olloo | MNT | 134 | 4 | 3.08% | 130 | 134 | 130 | 9,448 | 16-Nov | -10.67% | -18.79% | ||
Remikon | MNT | 150 | 1 | 0.67% | 150 | 150 | 149 | 30,412 | 16-Nov | 108.33% | 100.00% | ||
Sharyn Gol | MNT | 13,000 | 0 | 0.00% | 13,100 | 13,200 | 13,000 | 706 | 16-Nov | 23.81% | 21.47% | ||
Shivee Ovoo | MNT | 21,002 | 0 | 0.00% | 21,002 | 21,002 | 21,002 | 0 | 14-Nov | 61.55% | 52.19% | ||
Sor | MNT | 1,388 | 181 | 15.00% | 1,250 | 1,388 | 1,250 | 290 | 16-Nov | 85.07% | 63.29% | ||
Suu | MNT | 70,000 | 0 | 0.00% | 70,000 | 70,000 | 70,000 | 0 | 14-Nov | 233.54% | 341.08% | ||
Tav | MNT | 30,000 | 3550 | 13.42% | 30,000 | 30,000 | 30,000 | 103 | 16-Nov | ||||
Talkh Chikher | MNT | 10,001 | -79 | -0.78% | 10,002 | 10,002 | 10,001 | 2 | 16-Nov | 170.30% | 189.88% | ||
Tavantolgoi | MNT | 11,010 | -80 | -0.72% | 11,090 | 11,090 | 11,010 | 104 | 16-Nov | 91.15% | 120.20% | ||
State Dept Store | MNT | 450 | 0 | 0.00% | 450 | 455 | 422 | 2,087 | 16-Nov | 4.65% | 6.38% | ||
Ulaanbaatar Hotel | MNT | 62,000 | 0 | 0.00% | 60,000 | 62,000 | 60,000 | 0 | 9-Nov | 125.45% | 129.63% | ||
Mongol Savkhi | MNT | 2,620 | -390 | -12.96% | 2,715 | 2,715 | 2,620 | 358 | 16-Nov | 376.36% | 376.36% | ||
Zoos Goyol | MNT | 850 | 0 | 0.00% | 850 | 850 | 850 | 0 | 15-Nov | 7.59% | 13.33% | ||
HKEx | Solartech Int’l | HKD | 0.201 | -0.004 | -1.95% | 0.21 | 0.21 | 0.199 | 5,774,000 | 16-Nov | -79.06% | -77.67% | |
Winsway | HKD | 2.66 | -0.03 | -1.12% | 2.7 | 2.7 | 2.65 | 7,547,800 | 16-Nov | -40.81% | -27.07% | ||
SouthGobi Resources | HKD | 60.05 | -0.4 | -0.66% | 60.25 | 60.9 | 59 | 264,450 | 16-Nov | -39.65% | -26.14% | ||
China Gold | HKD | 25.05 | -0.25 | -0.99% | 25.4 | 25.55 | 24.95 | 44,000 | 16-Nov | -40.36% | |||
CNNC Int’l | HKD | 2.05 | -0.03 | -1.44% | 2.11 | 2.12 | 2.02 | 1,243,000 | 16-Nov | -76.44% | -75.15% | ||
Real Gold Mining | HKD | 8.81 | 0 | 0.00% | 8.81 | 8.81 | 8.81 | 0 | 16-Nov | -34.28% | -33.98% | ||
Mongolia Energy | HKD | 0.84 | -0.03 | -3.45% | 0.88 | 0.91 | 0.82 | 51,878,300 | 16-Nov | -63.79% | -69.57% | ||
Zijin Mining | HKD | 3.36 | -0.17 | -4.82% | 3.58 | 3.58 | 3.3 | 51,728,706 | 16-Nov | -28.77% | -26.10% | ||
Mongolia Inv Group | HKD | 0.044 | -0.001 | -2.22% | 0.045 | 0.045 | 0.043 | 5,872,000 | 16-Nov | -70.27% | -74.12% | ||
North Asia Resources | HKD | 0.37 | 0 | 0.00% | 0.37 | 0.37 | 0.345 | 1,095,000 | 16-Nov | -59.34% | -69.17% | ||
China Daye Non-Fer. | HKD | 0.425 | -0.01 | -2.30% | 0.435 | 0.44 | 0.425 | 3,562,000 | 16-Nov | -24.11% | -3.41% | ||
Bestway Int’l | HKD | 0.056 | 0.001 | 1.82% | 0.056 | 0.056 | 0.056 | 2,040,000 | 16-Nov | -60.28% | -65.85% | ||
Asia Coal | HKD | 0.115 | 0 | 0.00% | 0.115 | 0.115 | 0.115 | 0 | 16-Nov | -54.00% | -54.00% | ||
Mongolian Mining | HKD | 6.85 | -0.08 | -1.15% | 6.9 | 6.93 | 6.7 | 883,130 | 16-Nov | -24.48% | -18.45% | ||
SGX | LionGold | SGD | 0.865 | 0 | 0.00% | 0.865 | 0.865 | 0.86 | 0 | 16-Nov | 18.49% | 90.11% | |
LSE | Central Asia Metals | GBp | 66.25 | 0 | 0.00% | 66.25 | 66.25 | 66.25 | 0 | 16-Nov | -26.59% | -27.00% | |
Petro Matad | GBp | 15.875 | -0.25 | -1.55% | 16.125 | 16.125 | 15.875 | 349,102 | 16-Nov | -86.99% | -85.70% | ||
Metal-Tech | GBp | 5 | 0 | 0.00% | 5 | 5 | 5 | 0 | 16-Nov | -67.74% | -68.25% | ||
Origo Partners | GBp | 34.75 | 0.25 | 0.72% | 34.5 | 34.75 | 34.5 | 287,100 | 16-Nov | -15.24% | -12.03% | ||
Tembusu | GBp | 2.375 | 0 | 0.00% | 2.375 | 2.375 | 2.375 | 0 | 16-Nov | -13.64% | |||
North America | Aberdeen Int’l | CAD | 0.66 | -0.01 | -1.49% | 0.66 | 0.67 | 0.65 | 113,000 | 16-Nov | -18.38% | 14.82% | |
Blue Zen Mem. Parks | CAD | 0.155 | -0.005 | -3.13% | 0.17 | 0.17 | 0.155 | 34,100 | 16-Nov | ||||
Centerra Gold | CAD | 22 | 0.69 | 3.24% | 21.02 | 22.15 | 20.93 | 917,548 | 16-Nov | 13.26% | 33.28% | ||
China Gold | CAD | 3.31 | -0.1 | -2.93% | 3.33 | 3.45 | 3.2 | 260,074 | 16-Nov | -39.04% | -42.33% | ||
Denison Mines | CAD | 1.49 | -0.04 | -2.61% | 1.51 | 1.54 | 1.47 | 1,817,967 | 16-Nov | -56.31% | -38.93% | ||
Denison Mines | USD | 1.45 | -0.05 | -3.33% | 1.48 | 1.5 | 1.44 | 554,154 | 16-Nov | -57.60% | -39.33% | ||
East Asia Minerals | CAD | 0.86 | -0.04 | -4.44% | 0.9 | 0.92 | 0.86 | 296,580 | 16-Nov | -89.30% | -86.75% | ||
Entree Gold | USD | 1.66 | 0.0101 | 0.61% | 1.62 | 1.67 | 1.578 | 40,005 | 16-Nov | -52.02% | -38.29% | ||
Erdene Resource | CAD | 0.42 | 0.02 | 5.00% | 0.4 | 0.42 | 0.4 | 30,370 | 16-Nov | -66.13% | -16.00% | ||
Entree Gold | CAD | 1.7 | 0.03 | 1.80% | 1.67 | 1.7 | 1.64 | 12,196 | 16-Nov | -51.01% | -37.96% | ||
Fortress Minerals | CAD | 4.25 | 0.15 | 3.66% | 4.25 | 4.25 | 4.25 | 600 | 16-Nov | -2.30% | 32.81% | ||
Garrison Int’l | CAD | 0.03 | 0 | 0.00% | 0.03 | 0.03 | 0.03 | 0 | 15-Nov | -66.67% | -33.33% | ||
Gulfside Minerals | CAD | 0.085 | 0 | 0.00% | 0.08 | 0.085 | 0.08 | 0 | 10-Nov | -10.53% | -39.29% | ||
Green Tech Solutions | USD | 0.1 | 0.009 | 9.89% | 0.091 | 0.1 | 0.085 | 175,869 | 16-Nov | ||||
Ivanhoe Energy | CAD | 1.11 | -0.01 | -0.89% | 1.12 | 1.13 | 1.07 | 1,534,602 | 16-Nov | -59.19% | -51.32% | ||
Ivanhoe Energy | USD | 1.07 | -0.03 | -2.73% | 1.09 | 1.11 | 1.05 | 749,523 | 16-Nov | -60.66% | -52.23% | ||
Ivanhoe Mines | CAD | 21.2 | -1.33 | -5.90% | 22.01 | 22.55 | 20.97 | 1,902,001 | 16-Nov | -7.83% | -6.92% | ||
Ivanhoe Mines | USD | 20.7 | -1.34 | -6.08% | 21.55 | 22.01 | 20.49 | 4,097,662 | 16-Nov | -9.69% | -6.64% | ||
Kincora Copper | CAD | 0.3 | -0.01 | -3.23% | 0.3 | 0.3 | 0.3 | 5,006 | 16-Nov | 11.11% | 100.00% | ||
Khan Resources | CAD | 0.245 | -0.01 | -3.92% | 0.245 | 0.245 | 0.245 | 750 | 16-Nov | -48.96% | -37.18% | ||
Long Harbour | CAD | 0.1 | 0 | 0.00% | 0.12 | 0.12 | 0.06 | 0 | 9-Nov | ||||
Lucky Strike | CAD | 0.52 | -0.08 | -13.33% | 0.61 | 0.61 | 0.52 | 34,700 | 16-Nov | -64.14% | 15.56% | ||
Lucky Strike | USD | 0.6078 | 0 | 0.00% | 0.5944 | 0.6078 | 0.5944 | 0 | 11-Nov | -57.16% | |||
Meritus Minerals | CAD | 0.04 | 0 | 0.00% | 0.04 | 0.04 | 0.04 | 0 | 15-Nov | -80.00% | -83.33% | ||
Manas Petroleum | USD | 0.195 | 0.01 | 5.41% | 0.185 | 0.195 | 0.17 | 92,100 | 16-Nov | -67.50% | -65.18% | ||
Mongolia Growth Grp | USD | 4.5021 | -0.0719 | -1.57% | 4.547 | 4.5582 | 4.5021 | 13,600 | 16-Nov | ||||
Blue Wolf Mongolia | USD | 9.49 | 0 | 0.00% | 9.47 | 9.49 | 9.47 | 0 | 10-Nov | ||||
Blue Wolf Mongolia | USD | 10.28 | 0.13 | 1.28% | 10.2799 | 10.28 | 10.2799 | 200 | 16-Nov | ||||
Manas Petroleum | CAD | 0.16 | 0 | 0.00% | 0.16 | 0.16 | 0.16 | 0 | 10-Nov | ||||
Prophecy Coal | CAD | 0.54 | 0 | 0.00% | 0.57 | 0.57 | 0.54 | 349,570 | 16-Nov | -37.55% | -42.70% | ||
Prophecy Coal | USD | 0.545 | 0.015 | 2.83% | 0.55 | 0.55 | 0.534 | 92,210 | 16-Nov | -38.20% | -41.09% | ||
Puget Ventures | CAD | 0.49 | 0 | 0.00% | 0 | 17-Sep | |||||||
SouthGobi Resources | CAD | 7.66 | -0.19 | -2.42% | 7.9 | 7.94 | 7.48 | 128,946 | 16-Nov | -37.11% | -29.79% | ||
Solomon Resources | CAD | 0.07 | 0 | 0.00% | 0.07 | 0.07 | 0.07 | 40,500 | 16-Nov | -67.44% | -74.07% | ||
Wedge Energy | CAD | 0.015 | 0 | 0.00% | 0 | 3-Aug | |||||||
Mongolia Growth Grp | CAD | 4.59 | -0.05 | -1.08% | 4.65 | 4.66 | 4.59 | 18,550 | 16-Nov |
---
"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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