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AKM intraday high of 32.5c. Closes at 30.5c, 8.9% higher.
Australia's Aspire says Noble in pact to market Mongolian coking coal
SYDNEY Dec 1 (Reuters) - International commodities trader Noble Group has formed an alliance with Australia's Aspire Mining (ASX:AKM) to market Mongolian coking coal, driving Aspire's shares up sharply on Thursday.
The alliance giving Noble marketing rights to at least half of the first 5 million tonnes of coking coal produced at Aspire's Ovoot mining project marks the latest move by Noble into Mongolia's burgeoning coal sector.
Shares in Aspire galloped more than 12 percent after the partnership was announced to A$0.32. The stock traded as high as A$1.14 in April, but has been in near-steady decline ever since.
Earlier this year, Noble partnered with Australia's Xanadu Mines (ASX:XAM), which is also exploring for minerals in Mongolia alongside sector behemoths, including Rio Tinto , Xstrata and Vale.
Mongolia sits on vast quantities of mineral wealth and analysts predict it could be one of the fastest growing economies of the next decade. This month production is scheduled to start from the eastern block of the giant Tavan Tolgoi coal mine in the Gobi desert.
"The strategic alliance with the Noble Group is an important step for the company as it pushes ahead with development of the Ovoot coking coal project," Managing Director David Paull said.
Noble, which currently owns 8.3 percent of Aspire, is one of the world's largest commodity trading and logistics companies and moves coal into most major global markets.
Aspire in October raised A$32.8 million via a discounted placement of new shares to fund exploration at the Ovoot site in Northern Mongolia.
Exploration work so far shows a resource of 330 million tonnes of coal, with further work underway to increase the estimate, according to Paull.
Aspire's biggest shareholder, SouthGobi Resources, majority held by Canadian miner Ivanhoe Mines, at the time exercised anti-dilution rights to retain its 19.9 percent stake in Aspire.
Vancouver-based Ivanhoe, which is led by Robert Friedland and is 48.5 percent owned by global mining giant Rio Tinto , is focused on developing the Oyu Tolgoi project, which is located in Mongolia's South Gobi region and is one of the largest known copper deposits in the world.
Link to article
Link to AKM release
CEO last closed 4.2c on Nov 25.
C@ Changes Offer Price to A$0.50 from A$1.00 (post 20 for 1 consolidation) & Amount to Raise to (up to) A$17m from A$28m, Shares Suspended
November 29, C @ Limited (ASX:CEO) --
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1) Update on Capital Raising
As set out in the Notice of Meeting, the Company proposes to undertake a significant change in its activities, to become a coal exploration and development company, via the acquisition of the eight coal licences located in the Ovorhangay province and adjoining South Gobi province in Mongolia.
In conjunction with the change of activities and acquisition, the Company proposes to undertake the Capital Raising, for which Shareholder approval was being sought pursuant to Resolution 6 in the Notice of Meeting.
The approval being sought was for the issue of up to that number of Shares which, when multiplied by the issue price, will raise up to $28,000,000. The minimum issue price contemplated by Resolution 6 is “not less than 80% of the average market price for shares calculated over the 5 days on which sales in the Shares are recorded before the day on which the issue is made or, if there is a prospectus, over the last 5 days on which sales in the securities were recorded before the date the prospectus is signed”.
On 9 November 2011, the Company issued a prospectus in respect of the Capital Raising, for the issue of up to 28,000,000 Shares at an issue price of $1.00 per Share on a post Consolidation basis. This issue price is equivalent to $0.05 per Share on a pre Consolidation basis.
As at 9 November 2011 (being the date the prospectus was signed), the minimum permitted issue price for the Capital Raising contemplated by the Notice of Meeting (being 80% of the average market price for shares calculated over the last 5 days on which sales in the securities were recorded before the date the prospectus is signed) is $0.894 per Share on a post Consolidation basis (being $0.0447 per Share on a pre Consolidation basis).
Due to unforeseen adverse market conditions, the Company’s Share price has traded between $0.040 and $0.052 over the past two weeks. The Company, together with the Joint Lead Managers, consider that the terms of the Capital Raising must be revised to ensure that the Company is able to raise sufficient funds to complete the acquisition and the change of activities. Further to this, the Company has issued a supplementary prospectus to amend the terms of the Capital Raising as follows:
(a) the issue price will be $0.50 per Share on a post Consolidation basis (being 2.5 cents per Share on a pre Consolidation basis);
(b) the minimum subscription will be reduced to $14,000,000 from $20,000,000; and
(c) the maximum number of Shares to be offered will be increased to 34,000,000.
Accordingly, the Offer under the Prospectus (as amended by the Supplementary Prospectus) is to raise up to $17,000,000 before costs via the issue of up to 34,000,000 Shares at an issue price of $0.50 per Share.
The change to the terms of the Capital Raising necessitate a change to the terms upon which approval for the Capital Raising pursuant to Resolution 6 is sought, as $0.50 is lower than the minimum permitted Share price of $0.894 as contemplated in the Notice of Meeting.
Accordingly, the Company proposes to adjourn the consideration of Resolution 6 to the Resumed Meeting and to amend the terms of Resolution 6 such that approval is being sought for the issue of up to 34,000,000 Shares at a minimum issue price of $0.50 (on a post Consolidation basis).
As Resolutions 15, 16 and 17 relate to the Directors’ participation in the Capital Raising and are conditional upon the passing of Resolution 6, the consideration of these Resolutions will also be adjourned to the Resumed Meeting.
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Link to Addendum to Notice of General Meeting
Link to Supplement Prospectus
Link to Updated Indicative Timetable
Link to Suspension Notice
Link to Results of AGM
EGI closed up 9% in NY
Entree Gold Closes Financing
Rio Tinto Exercises Pre-Emptive Rights
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2011) - Entrée Gold Inc. (TSX:ETG)(NYSE Amex:EGI
)(FRANKFURT:EKA) ("Entrée" or the "Company") is pleased to announce that it has closed its previously announced marketed offering of 10,000,000 shares at a price of $1.25 per share. Rio Tinto Exploration Canada Inc. ("Rio Tinto") exercised its pre-emptive rights in full and purchased an additional 1,482,216 shares of the Company at a price of $1.25 per share. Total gross proceeds from the offering are $14,352,770.The syndicate of underwriters, which was led by Desjardins Securities Inc. and included National Bank Financial Inc., TD Securities Inc., Knight Capital Group and Trapeze Capital Corp., received a cash commission equal to 6% of the gross proceeds from the offering (excluding shares purchased by Rio Tinto pursuant to its pre-emptive rights).
Entrée's President and Chief Executive Officer, Greg Crowe, commented, "This financing puts Entrée in a stronger financial position at a time of global economic uncertainty, and allows us to continue to advance our projects in Mongolia and Nevada. We wish to express our appreciation for the continued support from our largest shareholder, Rio Tinto."
The net proceeds of the Offering are expected to be used to fund ongoing exploration on the Company's Ann Mason project in Nevada and Shivee West project in Mongolia, and for general corporate purposes. Please see the Company's prospectus supplement dated November 23, 2011 to the Company's short form base shelf prospectus dated November 19, 2010 filed on SEDAR at www.sedar.com for further details.
The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to, or for the benefit or account of any U.S. person, unless exemptions from such registration requirements are available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities. There shall be no offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the laws of any such jurisdiction.
Link to release
IVN closed +7.8% to US$21.56 in NY on Wed
UPDATE 1-Ivanhoe sees low chance of power delay to Oyu Tolgoi mine
* CEO sees only small chance of power-related delay to Oyu Tolgoi
* China anxious for copper from Oyu Tolgoi - Friedland
* Mongolian mine one of world's largest copper deposits
MELBOURNE, Dec 1 (Reuters) - Ivanhoe Mines (TSX:IVN, NYSE:IVN) said on Thursday there was only a small chance of a delay to a power contract with China, crucial to running the massive Oyu Tolgoi copper project in neighbouring Mongolia.
The mine needs power supply by the third quarter of 2012 in order to start commercial production of copper concentrate by its 2013 target, and is counting on a power being delivered under a pact between China and Mongolia.
Construction of coal-fired power plant in Mongolia would be next the best option.
Ivanhoe Chief Executive Robert Friedland said the company was confident China would deliver the power because it is counting on Mongolia for copper.
"The reason the electricity will be developed on time is that the Chinese are extremely anxious to buy our copper," he said following a business address in Melbourne.
"There is a very, very small probability of a delay," he said.
Vancouver-based Ivanhoe is 49 percent owned by global mining giant Rio Tinto , which is counting on production from Oyu Tolgoi, one of the largest known copper deposits in the world, to fuel its copper growth.
Ivanhoe last month said construction at the mine in the South Gobi desert will be 70 percent complete by the end of 2011, with commercial production seen in the first half of 2013.
Friedland said the move on Wednesday by six major central banks to make cheap debt available to European lenders was encouraging for the $4 billion in project financing that the company was in the midst of negotiating.
Two European banks, BNP Paribas and Standard Chartered, are the lead commercial banks working on the project financing.
Link to article
Modun Resources: Investor Presentation
November 30, Modun Resources Limited (ASX:MOU) (formerly TVN Corporation) --
Link to presentation
MIG: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2011
November 30, Mongolia Investment Group Limited (HK:402) --
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MANAGEMENT DISCUSSION AND ANALYSIS
BUSINESS REVIEW
For the six months ended 30 September 2011, the Group continued to achieve stable revenue from its waterworks business while dedicating efforts to facilitate profitable output at its Mongolia mine sites. In 2010, the Group transformed into a Mongolian resources-related conglomerate through the acquisition of Tugrugnuuriin Energy LLC (“TNE”), which holds four mining licences for a coal mine in Tugrug Valley (the “TNE Mine”), located approximately 170 km southeast of Ulaanbaatar, Mongolia. Preparatory work at the TNE Mine went well with development of basic infrastructure achieving satisfactory progress during the review period. On the other hand, the Group’s waterworks business continued to benefit from a number of public sector projects, with steady revenue generating mainly from contracts awarded by the Water Supplies Department (“WSD”).
Mining Business in Mongolia
The Mongolian government in recent years has been proactive in encouraging resource-related overseas investments, while both the local Mongolian community and the People’s Republic of China serve as vast markets for such high quality resources at close proximity. The Group currently holds four coal mining licences that cover a 1,114 hectares coal mine at Tugrug Valley. The Group also holds three exploration licences in respect of coal deposits in DundGobi (14,087 hectares), two exploration licences in respect of gold and copper deposits in Gobi-Altai (44,016 hectares), and two exploration licences in respect of gold and copper in Zavkhan (15,517 hectares), all located in Mongolia.
During the review period, preparatory work at the mine site has been set up, including the leasing of relevant equipment and machineries, power supply commissioning, as well as set up of dewatering treatment systems, etc. The Group has conducted several mining feasibility studies and obtained a mine operation permit from the Mongolian authorities for the TNE Mine.
Subsequently, mining has commenced, the output of coal from the TNE Mine during the period under review was about 748 tonnes, which was below our forecast in quantity. The Group also conducted further drilling works and laboratory tests to determine the structure and thickness of coal layer and to verify coal quality. The calorific value range of the resulted coal products were not adequate for contributing profitable output. In order to outweigh mining production cost escalation and achieve cost efficiency, the Group will focus on excavation and sale of coal with a calorific value of around 5,000 Kcal/kg or above. For this purpose, the Group will engage an independent mining expert to review and advise on its mining plan.
The Group has commenced upgrading the basic infrastructure of the mine camp. The Group also conducted an environmental impact assessment at Maanit railway station, which is located roughly 60km from the mine site. This will be the main railway station from which the Group’s coal products will be transported to its customers. Construction of a compacted haul road connecting the mine to the loading point at Maanit railway station has already been completed.
Exploration activities at other regions where the Group holds exploration licences continued, and the Group has engaged independent mining experts to conduct feasibility studies at these regions.
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Link to report
Asia Coal: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2011
November 29, Asia Coal Limited (HK:835) --
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MANAGEMENT DISCUSSION AND ANALYSIS
Business Review
During the six months ended 30th September 2011 (the “Period”), the Group continued to engage in coal mining business and distribution of health and beauty products and services. But the logistic services business has been discontinued during the Period.
In the coal mining segment, the Group continued to hold the mining rights to the Saikhan Ovoo coal deposit in the Bulgan province of Mongolia. The JORC compliant resources report prepared by independent technical advisers shows estimated resources for the Saikhan Ovoo coal deposit in excess of 190 million tonnes. The coal resources estimated (on air dry basis) based on the analytical work on 165 coal samples taken from 27 boreholes with a total of 5,222 metres drilled are as follows:
JORC Class Volume m3 Tonnes
Measured 6,565,000 11,467,000
Indicated 64,852,000 112,831,000
Inferred 39,057,000 69,494,000
Total 110,474,000 193,792,000
Owing to the tight cashflow and the cost-saving measures of the Group, minimal exploration work has been carried out on the mine during the Period.
In the health and beauty segment, three additional new Dermagram shops or beauty centers have been opened in Hong Kong during the Period to provide better services and more convenient shop location to the customers.
New Dermagram product lines including the Sakura Whitening Program, the Derma V Program and the UV Solution have been launched during the Period to provide more comprehensive product range for the customers.
In July 2011, the Group disposed of a subsidiary in the logistic services segment at a consideration of HK$2,000,000 because of the continuing losses and unsatisfactory performance of the segment and has discontinued its logistic services business.
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Link to report
Cabinet: WORKING PLAN ON AIR POLLUTION APPROVED
Ulaanbaatar, Mongolia, November 30 /MONTSAME/ The Cabinet meeting on Wednesday approved a measures plan on reducing air pollution in Ulaanbaatar city.
The Cabinet obliged Ministers L.Gansukh, D.Zorigt and Kh.Battulga to control an implementation of the plan and to present a fulfillment every season.
According to the plan, zones are to be set up where the air will be improved, an electricity transmission network in ger areas will be widened, a research will be run seeking ways of improving its capacity, electricity prices will decrease 50 percent for those meeting criteria, a construction will start of the fifth and sixth power stations this year so that to put into use their first units in 2013. Other actionare to connect low pressure furnaces to partial heating system, to create a complex of semicoking fuel, to create stoves that work on gas, to issue government bonds or grant soft loans in order to get money needed.
Within the parliamentary resolution, the air pollution will be reduced by up to 50 percent in 2011-2012, by 80 percent in 2012-2013, reaching standards in 2013-2014.
Link to article
CABINET MEETING IN BRIEF (i.e. Altandornod Mongol issue)
Ulaanbaatar, Mongolia, November 30 /MONTSAME/ The cabinet discussed on Wednesday results of the State Head's official visits to Italy, Vatican and Croatia and of a working visit to the Great Britain paid October 17-26, 2011. Issues of these results will be submitted to the National Security Council (NSC).
- The cabinet considered results of an official visit of Germany's Chancellor Angela Merkel paid to Mongolia on October 12-13 and then decided to submit the matter to the NSC.
- The government backed in principle a financial intergovernmental agreement between Mongolia and France in order to implement a project called “Enhancing the medical service of emergency room and aid at the National Center of Traumatology and Rehabilitation”. It will be consulted with the related Standing committee. If the agreement is approved, the French side will give EUR 5 million 50 thousand to Mongolia.
- The cabinet appreciated results of the 14th EU-Mongolia Joint Committee meeting held October 13 in Brussels, Belgium. An obligation was given to M.Enkhbold, the Deputy Premier and head of the committee's Mongolian side, to pass a plan of works.
- The Ministers got acquainted with a report from a working group responsible for collecting a big amount of budgetary revenue from the “Altan Dornod Mongol” company. In conjunction with it, the State Secretary of the Finance Ministry and head of the working group D.Battor was ordered to work out a draft contract on liquidating debts of the company and to introduce it to the cabinet in the first quarter of 2012. A course of the work will be introduced to the government twice a year.
- The cabinet backed altering the 30th parliamentary resolution on measures for supporting national producers and augmenting job places. It will be submitted to parliament. In addition, the cabinet discussed and backed a draft resolution on granting titles of state inspectors and providing them with extra salaries.
- The cabinet discussed a draft report on governmental works to ensure implementation of the 29th Convention of International Labor Organization (ILO) on “Forced labor” and the 105th ILO Convention on “Abolishing forced labor”. The report will be sent to the ILO.
Link to article
D.Amarsaikhan: Mongolia won’t be affected by Russian fuel shortage
December 29 (news.mn) Russia says it will cut its fuel exports by 80 percent beginning December 1 to help the country cope with a domestic fuel shortage.
Our correspondent asked Mongolian Mineral Resources and Petroleum Authority Chairman D.Amarsaikhan about the situation. He said Mongolia’s fuel imports will not be affected by Russia’s domestic fuel shortage, because Mongolia signed a long-term contract for fuel imports from Russia last spring. He said fuel will continue to be imported under the terms of that contract, so the Mongolian market will not be affected by Russia’s domestic problems.
D.Amarsaikhan also said that Mongolia will import fuel in December in adequate amounts, so a fuel shortage will not be repeated as in May and June. Besides Russia, Mongolia imports fuel from China, Kazakhstan, and South Korea.
He added that ground has been broken for new oil refineries in Mongolia. Sod Mongol Group is building a refinery in Sainshand and is investing USD 400 million. Another refinery’s foundation has been laid in Darkhan.
An oil refinery will also be built in Dornod to supply energy to three aimags. The Government plans to allocate USD 50 million for construction.
Link to article
DB to issue bonds worth USD 60 million
December 1 (news.mn) Finance Minister S.Bayartsogt informed the Standing Committee on Economics on Tuesday that the Development Bank (DB) is planning to issue bonds worth USD 60 by the end of the year.
The government has asked the DB to finance the USD 55 million “New Railway” railroad building project.
The DB had planned to issue bonds worth USD 20 million on the Singapore Stock Exchange from last spring, but the bank’s managing officials delayed the issue due to instability in the global financial markets.
The rate of the bonds is seven percent, which the head of the Representative Managing Council, B.Batjargal, said is low.
The DB plans to issue more bonds next spring.
Link to article
Coal In Mongolia: The China Factor, Part I
November 29 (Jon Springer, Seeking Alpha) China is the world's biggest consumer and producer of coal. Mongolia is on China's border to its north.
Mongolia is on the verge of significantly increasing its coal production to over 40 million metric tonnes of coal per year. This will be a quadrupling of coal production from 2008 levels.
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Link to article
Coal In Mongolia: Investing, Part II
November 29 (Jon Springer, Seeking Alpha) During a two week visit to Mongolia in September, I met with six different local brokerage houses. The views expressed below are taken in part from a composite picture of coal companies mining in Mongolia that are publicly traded in the U.S. from analysts, traders, and strategists of Mongolian brokerage houses, although not all these companies were discussed in every conversation. Data is also based on opinions formed from keeping abreast of Mongolia's news and from the expertise of others, such as Peter Epstein, an expert on coal and a consultant to one of the companies below. For another overview of the data, I recommend pages 78 to 82 of ResCap's Mongolia 101 report from which the following two illustrations came.
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Link to article
MCS Said to Attract Three Banks, Increase Loan to $150 Million
Nov. 16 (Bloomberg) -- MCS Holding LLC, the Mongolian group which owns part of Hong Kong-listed Mongolian Mining Corp., attracted three banks in syndication for a $125 million loan that will be increased to $150 million, said a person familiar with the matter.
The three-year loan is being arranged by Standard Bank Group Ltd., which funded the original $125 million portion in June prior to syndication, said the person who asked not to be identified because the details are private. Commitments from the three new lenders take Standard Bank down to its target hold level, the person said.
The facility included an option for MCS to increase the deal size by $25 million to $150 million. MCS is choosing to exercise that option and is seeking additional banks for the increase. Another four lenders may still join the $25 million portion, the person said.
The hold level is the amount of a loan a bank will retain on its balance sheet rather than selling to other banks in syndication.
Link to article
Khan Investment Management at the Mongolia Investment Summit
Singapore (PRWEB) November 30, 2011 -- Khan Investment Management (http://www.Khan-Management.com) recently exhibited at the Mongolia Investment Summit in Hong Kong, October 25-27, promoting its flagship product, the Khan Mongolia Equity Fund, successfully launched in October 2011.
“The Khan Mongolia Equity Fund is the preeminent investment vehicle for investors who seek a diversified and liquid exposure to one of the world’s most resource rich and fastest growing economies,” said Travis Hamilton, Managing Director of Khan.
The Mongolia Investment Summit (http://www.mongoliainvestmentsummit.com) is an annual conference bringing together foreign investors and Mongolian investment opportunities ranging from mining, export infrastructure, power generation, financial services, energy projects, and property development.
Bold Baatar, Chairman of the Mongolian Stock Exchange, presented the opening keynote Address in which he outlined the Mongolian economy’s tremendous growth prospects and referenced the promising potential Mongolia Stock Exchange listing pipeline - estimated to be in excess of USD 40 billion over the next 5 years. Mr. Baatar highlighted Khan Investment Management and noted that there has been an “emergence of different asset management companies with varying strategies and themes.”
According to Mr. Hamilton, “the Khan Mongolia Equity Fund combines experienced local on-shore investment expertise with efficient off-shore structuring. The Fund has appointed industry leading service providers and has developed key relationships with multiple brokers and underwriters, locally and internationally, in order to achieve its capital growth objectives.”
Khan Investment Management is a Cayman based asset manager specializing in providing global investors with access to a wide range of investment opportunities in fast growing Mongolia.
For further information please contact Travis Hamilton, Managing Director: travis.hamilton@khan-management.com
Link to release
S.Bayartsogt: Wage will be increased in April and October
November 29 (UB Post) The following interview was conducted with the Minister of Finance, S.Bayartsogt, about the Mongolian economy.
-The government introduced the budget project for fiscal year 2012 to the Parliament and it was criticized. Parties are united in their positions to trim budget expenditure. What are your thoughts on trimming the budget and reducing expenditure?
-We have a calculation that the Mongolian economy will increase by 20 percent next year. The government accounted for an income of 6.4 trillion MNT when project 2012 was first introduced to Parliament. However, we have reviewed it carefully and have adjusted the budget income to be 5.8 trillion MNT. We have also trimmed the 2012 budget project from 7.1 trillion MNT to 6.2 million MNT, a savings of 1.1 trillion MNT.
-Budget expenditure had been trimmed by 900 billion tugrigs. Which investments had been removed?
-Expenditure was originally 7.1 trillion MNT and we reduced it to 6.2 trillion MNT, so 900 billion MNT has been trimmed form budget expenditure. 200 billion of this was removed from investment expenditure. We decreased vehicle and equipment expenditure and delayed the construction of new offices. A small amount of capital was trimmed from planned expenses. For example, we had previously accounted the expenses at about 600 billion MNT related to wage and pension. By this account, wage of civil servants would have increased in March and May. Due to fears of inflation, we have decided to increase the wages in April and October.
-It is said that 1 billion MNT which is granted to Parliament Members has increased to 3 billion MNT. Is this true?
-No, it isn’t. 900 billion MNT were removed from budget expenses, so an increase for Parliamentary Members isn’t possible now.
-A free grant from China which was reflected in budget income was delayed. What happened?
- An 80 billion MNT free grant from China was initially reflected in state budget of 2012. We have removed it from budget income and expenses, because the agreement wasn’t made on time. But the final decision hasn’t been made. If we get this free grant, we will decide that spent for what on that time. Originally, the budget of 2012 was supplemented by foreign loans, and we have since removed 40 percent of these loans. By doing this, 200 billion MNT was trimmed from budget project.
-Bank of Mongolia’s board members claim that if next year’s budget can be trimmed by one trillion MNT, inflation will remain stagnant. Was their suggesting influential on this 1.1 trillion MNT trimming?
-Yes. We took advice from board members, IMF and the World Bank when trying to stabilize this budge.
-In the Stabilization Fund, how much money has been accumulated?
-In the Stabilization Fund, over 381 billion MNT should be accumulated by the end of the year. We hope to have 600 billion MNT in the fund by the end of 2012.
-The Development Bank has the duty to finance infrastructure. However, they have yet to finance these sorts of projects. In the budget of 2012, will any capital from the Development Bank be used for infrastructure?
- Yes, 150 billion MNT were accounted to increase the rule fund of “Ulaanbaatar Railway,” 180 billion MNT for nine highways and 50 billion MNT for energy lines of Dundgovi and Mandalgovi aimags. Development Bank will finance all these.
Link to article
Mongolian PM emphasizes unity as 2012 parliamentary elections near
ULAN BATOR, Nov. 28 (Xinhua) -- The leader of the ruling People's Party, Sukhbaatar Batbold, on Monday stressed the importance of unity of his party as it gears up for the 2012 parliamentary elections.
"As of today, 2008 parliamentary election pledges of our party have been implemented 80 percent," Batbold said.
Meanwhile, the prime minister denied any connections between the People's Party and Mongolian People's Revolutionary Party, which was formed five months ago and shared the original name of the ruling party.
Nambar Enkhbayar, the former president of Mongolia, led a break from the ruling party and formed a separate party using the name of Mongolian People's Revolutionary Party.
"This so-called Mongolian People's Revolutionary Party is a new party ... As the party's chairman, I would like to emphasize that this party has no connection with values of Mongolian People's Party and its assets and its 90-year history," Batbold said.
Batbold said that with the next election due to be held within seven months, it is clear that Enkhbayar's party, recently registered by the supreme court as the 19th political party, is aiming to confuse people and split votes from the ruling party.
Link to article
SYNOPEX is dedicated to supporting of Mobile Safe Water System in Mongolia
Seoul, Korea (PRWEB) November 30, 2011 -- SYNOPEX and NWC (National Water Committee, Mongolia) have signed MOU for the safe water supply in Mongolia for next decades in collaboration with the UNESCAP. As an initial activity of cooperation, NWC and SYNOPEX agreed to implement jointly the project on the Mobile Safe Drinking Water Supply System (SMDT: Synopex Mobile Drinking Water Feeding Trailer) and SMDT-20 was provided to Mongolia on Nov. 18th 2011.
The objectives of this MOU and contract are to establish the overall framework of partnership between the NWC and the SYNOPEX in promoting the long-term development for green growth and eco-city in Mongolia through the safe water supply in Mongolia for next decades. They agreed to cooperate to develop the safe water supply system in Mongolia through the exchange of knowledge and modern technologies on water resource management in Mongolia.
SMDT-20 which has been supplied in Mongolia is equipped with a power generator and water treatment system inside of the container so that it is available to supply clean water at any time and any place using on-site water source with mobility and fully equipped water treatment system. Specially, SMDT-20 is appropriate to be used in disaster areas, islands, no electricity area and construction sites.
SMDT-20 can supply drinking water to 10,000 people per day based on one person drinks 2 liter per day. Considering the regional characteristics in Mongolia, SMDT-20 can be fully operated under the weather condition with -40 degree C, movable to a vast area and it is a customized system as Mongolia requests.
The SMDT-20 is the milestone project on Mobile Safe Drinking Water Supply System in Mongolia which has been applied with SYNOPEX Membrane Technologies. And it is the first step for establishment of Water Infrastructure in Mongolia in collaboration with UNESCAP, KOICA, Ministry of Environment Republic of Korea, SYNOPEX. Through the success of this project, SMDT-20 will be extended to whole area for the development of Green Growth and Eco-City to overcome the serious water challenge in Mongolia.
SYNOPEX will do its best for clean and safe drinking water supply in Mongolia through the continuous exchange of knowledge and membrane technologies on water resource management in collaboration with NWC and SYNOPEX will be dedicated to supporting of water challenge in Mongolia.
News Link: http://www.youtube.com/watch?v=s45uXV1rPc0
http://www.youtube.com/watch?v=CkVzdE7EJk0
About SMDT-20 (20m3/day)
What is SMDT?
SMDT(SYNOPEX Mobile Drinking water feeding Trailer)is equipped with a power generator and water treatment system inside of the container. SMDT is available to supply clean water at any time and any place using on-site water source with mobility and fully equipped water treatment system.
Features & Expected Effects
· Supply drinking water to 10,000 people per day (Based on people drink 2 liter per day)
· Supply sanitary and stable water in construction sites, disaster areas, islands and no electricity area
· Door to Door service and Emergency Resilient
· Remove heavy metals, ionic substance perfectly and guarantee water quality
· Available to Customize system depending on the raw water quality
· Using on-site water source and produce drinking water
· Full automation control & Compact design
Link to release
A strong belief in the Mongolian market
November 29 (FLSmidth) With a new office in Ulaanbaatar, the capital of Mongolia, and a Super Center in the South Gobi desert FLSmidth is entering Mongolia. Country Head of FLSmidth Mongolia, Dennis French, consider this region to be a promising future market.
An increased need for local presence, lead to the establishment of FLSmidth Mongolia. Going forward this will enable FLSmidth to even better meet customers' needs both in products and local adjustments.
Mr. Dennis French has been appointed Country Head of FLSmidth Mongolia. Up until now, Dennis French has been Managing Director of FLSmidth Krebs, China, and has since 2005 been travelling extensively in the area, building up a strong network while being responsible for sales and profitability of all FLSmidth Krebs' products to China and Mongolia markets.
A booming economy
Mongolia's economy is rapidly growing with copper and coal industries as the greatest contributors.
- Mongolia is a promising future market, since Mongolia has a large amount of mineral reserves and only a fraction of the reserves have been exploited. Along with the development in mining, the development of the country's infra-structure will require a lot of cement, says Country Head for FLSmidth Mongolia, Dennis French.
FLSmidth Mongolia has already established an office in Ulaanbaatar, the capital of Mongolia. A Super Center to support the many activities going on in parallel for both FLSmidth cement and minerals activities in Mongolia will also be established by mid 2012 in the South Gobi Desert.
Link to release
Hopes for a breakthrough in plans to protect world's oldest nature reserve
World Bank and Mongolian authorities will meet to discuss controversial property deals that have encroached on Bogd Khan
November 29 (The Guardian) Protecting the world's oldest nature reserve from the planet's most polluted capital was never going to be easy, but the Mongolian authorities and the World Bank aim to do just that in the coming days when they meet to discuss a plan to limit the sprawl of Ulan Bator.
A major push to conserve the nearby forests, mountains and globally important biodiversity of the Bogd Khan protected area has been on hold for more than a year, but there are hopes for a breakthrough if the authorities can be more transparent about the controversial property deals that have encroached on the reserve.
The outcome will be an indicator of Mongolia's determination to protect its environment as the country enters a period of rapid economic growth and urbanisation that has recently led to the opening of several mega mines in the Gobi desert and a thickening haze above Ulan Bator -recently named the world's second most polluted city.
Bogd Khan - that sits on the southern flank of the capital - is considered sacred by many Mongolians and was designated a protected reserve in 1778, almost 100 years before Yellowstone national park in the US. It has also been recognised as a Unesco biosphere reserve. Despite this status, it is under increasing pressure from construction firms, tourist companies and city residents desperate for clean air.
Link to Youtube video
Mongolian authorities have permitted a growing number of construction sites under a "limited use" clause that is supposed to apply only to research sites and tourist information centres. But video of the most affected areas, such as Zaisan valley, suggest parts of the reserve are becoming suburbs of the capital with apartment blocks, fences and an international school. A major driver is luxury homes for people who want to escape the sulphurous smog caused each winter by hundreds of thousands of wood and coal-burning stoves.
"To avoid pollution, people are moving into the Bogd Khan protected area," said Khulan Munkh-Erdene of WWF Mongolia. "People apply for permission to build tourist resorts but then they build apartments and other kinds of building."
The hold-up may also be related to the fact that the authorities appear to be breaking their own rules. Among the construction sites in the "strictly protected area" is one for the country's new constitutional court.
"The court is being built to rule on laws, but it is breaking them itself. It's kind of funny," said Kirk Olson, a biologist based in Ulan Bator. "A lot of steam comes out of people's ears when you talk about Bogd Khan. They have rules that they are not following because they are not convenient. They put short-term profits above public good."
Although there is considerable public anger about the construction, there is also a recognition that it is too late to do anything about existing developments.
The World Bank wants to halt new projects in Bogd Khan until the approval process is opened up to public scrutiny through website releases of planning applications. Very few are thought likely to qualify if the system is made more open and civil society is given time and opportunity to mount challenges.
As a rare democracy in a region dominated by China and Russia, Mongolia is often hailed as a model of accountability and transparency. But the talks on Bogd Khan have proved difficult.
Government officials have been hesitant to publicly disclose details about the lucrative land deals in Bogd Khan, though disclosure is a key condition for a nearly $2m project funded by the Global Environment Facility to make the reserve into a national model.
"Our plan was supposed to have come into effect last year, but World Bank staff are still negotiating with the ministry of environment," said Tony Whitten, formerly the leader of the project preparation team at the World Bank. "Everyone still wants to implement this project. But the land developments are a sensitive, politicised issue involving many interest groups."
A spokesman for the Ministry of Nature, Environment and Tourism, Batbold Dorjgurkham, said he was unable to comment.
His reticence may reflect the difficulty faced by the government in navigating between unrestricted economic expansion and cautious environmental controls.
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 | | 4,119.80 | 17.70 | 0.43% | 4,098.40 | 4,119.80 | 4,078.90 | - | 30-Nov | | |
Nikkei 225 | NKY:IND | | 8,434.61 | -43.21 | -0.51% | 8,407.63 | 8,435.34 | 8,361.69 | - | 30-Nov | | |
Hang Seng | HSI:IND | | 17,989.35 | -266.85 | -1.46% | 18,192.29 | 18,192.29 | 17,860.80 | - | 30-Nov | | |
FTSE 100 | UKX:IND | | 5,505.42 | 168.42 | 3.16% | 5,337.00 | 5,538.96 | 5,274.95 | - | 30-Nov | | |
TSX Composite | SPTSX:IND | | 12,204.11 | 471.61 | 4.02% | 11,966.42 | 12,204.17 | 11,798.64 | - | 30-Nov | | |
S&P 500 | SPX:IND | | 1,246.96 | 51.77 | 4.33% | 1,196.72 | 1,247.11 | 1,196.72 | - | 30-Nov | | |
ASX | Aspire Mining | AKM:AU | A$ | 0.28 | -0.01 | -3.45% | 0.285 | 0.3 | 0.275 | 2,057,009 | 30-Nov | -41.67% | -37.78% |
Blina Minerals | BDI:AU | A$ | 0.011 | -0.002 | -15.38% | 0.011 | 0.011 | 0.011 | 600,000 | 30-Nov | -26.67% | -31.25% |
C@ | CEO:AU | A$ | 0.042 | 0 | 0.00% | 0.041 | 0.042 | 0.04 | 0 | 25-Nov | 50.00% | 82.61% |
General Mining | GMM:AU | A$ | 0.054 | 0.002 | 3.85% | 0.052 | 0.054 | 0.052 | 28,704 | 30-Nov | -55.00% | -55.00% |
Guildford Coal | GUF:AU | A$ | 0.8 | 0.01 | 1.27% | 0.78 | 0.8 | 0.78 | 1,004,590 | 30-Nov | 9.59% | 39.13% |
Haranga Resources | HAR:AU | A$ | 0.24 | 0.005 | 2.13% | 0.25 | 0.25 | 0.24 | 64,000 | 30-Nov | -62.50% | |
Hunnu Coal | HUN:AU | A$ | 1.795 | 0 | 0.00% | 1.78 | 1.795 | 1.78 | 0 | 16-Nov | 34.46% | 52.12% |
Modun Resources | MOU:AU | A$ | 0.053 | 0.005 | 10.42% | 0.048 | 0.053 | 0.048 | 790,772 | 30-Nov | 430.00% | 430.00% |
Mongolian Res Corp | MUB:AU | A$ | 0.125 | -0.005 | -3.85% | 0.13 | 0.13 | 0.125 | 15,000 | 30-Nov | | -65.28% |
Robe Australia | ROB:AU | A$ | 0.025 | 0.003 | 13.64% | 0.022 | 0.034 | 0.022 | 16,903,322 | 30-Nov | 167.38% | 267.65% |
Voyager Resources | VOR:AU | A$ | 0.072 | -0.002 | -2.70% | 0.074 | 0.074 | 0.071 | 2,322,403 | 30-Nov | 34.27% | |
Xanadu Mines | XAM:AU | A$ | 0.365 | 0 | 0.00% | 0.365 | 0.365 | 0.365 | 8,333 | 30-Nov | -35.40% | |
MSE A Board | Aduunchuluun | ADL:MO | MNT | 6,200 | -300 | -4.62% | 6,880 | 6,880 | 6,200 | 460 | 30-Nov | -22.50% | -22.50% |
APU | APU:MO | MNT | 3,460 | 15 | 0.44% | 3,460 | 3,470 | 3,410 | 1,366 | 30-Nov | 73.87% | 92.76% |
Atar Urguu | ATR:MO | MNT | 38,000 | 0 | 0.00% | 38,000 | 38,000 | 38,000 | 0 | 22-Nov | 111.11% | 128.92% |
Baganuur | BAN:MO | MNT | 14,000 | -222 | -1.56% | 14,220 | 14,220 | 14,000 | 346 | 30-Nov | 33.33% | 40.01% |
Mogoin Gol | BDL:MO | MNT | 23,000 | 0 | 0.00% | 26,000 | 26,000 | 23,000 | 0 | 28-Nov | 94.92% | 152.75% |
BDSec | BDS:MO | MNT | 3,950 | 11 | 0.28% | 3,949 | 3,950 | 3,949 | 740 | 30-Nov | 58.00% | |
Bayangol Hotel | BNG:MO | MNT | 37,000 | -1500 | -3.90% | 37,000 | 37,000 | 37,000 | 3 | 30-Nov | 54.81% | 64.44% |
Bayanteeg | BTG:MO | MNT | 22,105 | 0 | 0.00% | 22,110 | 22,110 | 22,105 | 0 | 29-Nov | | 1303.49% |
UB BUK | BUK:MO | MNT | 31,850 | 0 | 0.00% | 31,850 | 31,850 | 31,850 | 42 | 30-Nov | 600.77% | |
Eermel | EER:MO | MNT | 2,650 | 94 | 3.68% | 2,555 | 2,650 | 2,555 | 35 | 30-Nov | -7.83% | 10.42% |
Gobi | GOV:MO | MNT | 4,800 | 0 | 0.00% | 4,800 | 4,800 | 4,800 | 0 | 29-Nov | -14.29% | -13.59% |
Gutal | GTL:MO | MNT | 2,295 | 0 | 0.00% | 2,295 | 2,295 | 2,295 | 0 | 29-Nov | | |
Hi B Oil | HBO:MO | MNT | 200 | 20 | 11.11% | 200 | 200 | 200 | 10 | 30-Nov | 11.11% | 11.11% |
Khukh Gan | HGN:MO | MNT | 194 | 0 | 0.00% | 194 | 194 | 194 | 368 | 30-Nov | 3.74% | 29.33% |
Hermes Centre | HRM:MO | MNT | 58 | 5 | 9.43% | 58 | 58 | 58 | 3,492 | 30-Nov | 7.41% | 0.00% |
Jenko Tour Bureau | JTB:MO | MNT | 93 | 0 | 0.00% | 93 | 93 | 93 | 138 | 30-Nov | -1.06% | -2.11% |
Telecom Mongolia | MCH:MO | MNT | 2,999 | 0 | 0.00% | 2,900 | 2,999 | 2,900 | 0 | 29-Nov | -14.31% | -9.12% |
Mongolia Dev Res | MDR:MO | MNT | 1,250 | 50 | 4.17% | 1,250 | 1,250 | 1,250 | 229 | 30-Nov | -3.85% | -5.30% |
Moninjbar | MIB:MO | MNT | 138 | 3 | 2.22% | 138 | 138 | 138 | 10 | 30-Nov | 20.00% | 20.00% |
Mongol Nekhmel | MNH:MO | MNT | 2,700 | 0 | 0.00% | 2,700 | 2,700 | 2,700 | 10 | 30-Nov | 107.69% | |
Hotel Mongolia | MSH:MO | MNT | 790 | 0 | 0.00% | 790 | 790 | 790 | 0 | 28-Nov | | 39.08% |
Darkhan Nekhii | NEH:MO | MNT | 6,100 | -600 | -8.96% | 6,100 | 6,100 | 6,100 | 25 | 30-Nov | 24.49% | 23.43% |
Nak Tulsh | NKT:MO | MNT | 194 | 4 | 2.11% | 194 | 194 | 194 | 10 | 30-Nov | -40.31% | -44.57% |
Olloo | OLL:MO | MNT | 135 | 1 | 0.75% | 135 | 135 | 135 | 10 | 30-Nov | -10.00% | -18.18% |
Remikon | RMC:MO | MNT | 163 | 13 | 8.67% | 152 | 163 | 152 | 75,702 | 30-Nov | 126.39% | 114.47% |
Sharyn Gol | SHG:MO | MNT | 12,500 | -400 | -3.10% | 12,800 | 12,800 | 12,500 | 265 | 30-Nov | 19.05% | 17.92% |
Shivee Ovoo | SHV:MO | MNT | 17,000 | 0 | 0.00% | 16,999 | 17,000 | 16,999 | 39 | 30-Nov | 30.77% | 21.43% |
Sor | SOR:MO | MNT | 2,800 | 90 | 3.32% | 2,700 | 3,100 | 2,700 | 47 | 30-Nov | 273.33% | |
Suu | SUU:MO | MNT | 70,000 | 0 | 0.00% | 70,000 | 70,000 | 70,000 | 0 | 29-Nov | 233.54% | 233.54% |
Tav | TAV:MO | MNT | 30,500 | 0 | 0.00% | 30,500 | 30,500 | 30,500 | 0 | 28-Nov | | |
Talkh Chikher | TCK:MO | MNT | 10,000 | 0 | 0.00% | 10,000 | 10,000 | 10,000 | 60 | 30-Nov | 170.27% | 194.12% |
Tavantolgoi | TTL:MO | MNT | 11,000 | 0 | 0.00% | 11,000 | 11,000 | 10,999 | 1,206 | 30-Nov | 90.97% | 105.61% |
State Dept Store | UID:MO | MNT | 477 | 26 | 5.76% | 450 | 500 | 450 | 9,664 | 30-Nov | 10.93% | 13.03% |
Ulaanbaatar Hotel | ULN:MO | MNT | 54,000 | -3000 | -5.26% | 54,000 | 54,000 | 54,000 | 14 | 30-Nov | 96.36% | 103.76% |
Mongol Savkhi | UYN:MO | MNT | 2,300 | -100 | -4.17% | 2,400 | 2,400 | 2,300 | 157 | 30-Nov | 318.18% | |
Zoos Goyol | ZOO:MO | MNT | 820 | 20 | 2.50% | 850 | 850 | 820 | 109 | 30-Nov | 3.80% | 9.33% |
HKEx | Solartech Int’l | 1166:HK | HKD | 0.197 | -0.002 | -1.01% | 0.195 | 0.203 | 0.195 | 72,285,530 | 30-Nov | -79.48% | -79.04% |
Winsway | 1733:HK | HKD | 2.73 | 0.03 | 1.11% | 2.66 | 2.75 | 2.65 | 12,013,333 | 30-Nov | -39.25% | -29.25% |
SouthGobi Resources | 1878:HK | HKD | 51 | 0.7 | 1.39% | 52 | 53.95 | 50.7 | 89,800 | 30-Nov | -48.74% | -42.95% |
China Gold | 2099:HK | HKD | 21.5 | 0.4 | 1.90% | 21 | 21.8 | 21 | 32,900 | 30-Nov | -48.81% | -51.88% |
CNNC Int’l | 2302:HK | HKD | 1.97 | -0.12 | -5.74% | 2.09 | 2.09 | 1.95 | 1,051,000 | 30-Nov | -77.36% | -76.27% |
Real Gold Mining | 246:HK | HKD | 8.81 | 0 | 0.00% | 8.81 | 8.81 | 8.81 | 0 | 30-Nov | -34.28% | -37.33% |
Mongolia Energy | 276:HK | HKD | 0.8 | -0.05 | -5.88% | 0.85 | 0.85 | 0.78 | 43,105,500 | 30-Nov | -65.52% | -68.13% |
Zijin Mining | 2899:HK | HKD | 3.25 | -0.08 | -2.40% | 3.33 | 3.39 | 3.22 | 37,863,680 | 30-Nov | -31.10% | -31.86% |
Mongolia Inv Group | 402:HK | HKD | 0.042 | 0.003 | 7.69% | 0.039 | 0.042 | 0.039 | 5,452,000 | 30-Nov | -71.62% | -72.19% |
North Asia Resources | 61:HK | HKD | 0.208 | -0.047 | -18.43% | 0.255 | 0.255 | 0.195 | 13,112,000 | 30-Nov | -77.14% | -82.81% |
China Daye Non-Fer. | 661:HK | HKD | 0.455 | 0.005 | 1.11% | 0.445 | 0.46 | 0.445 | 9,429,600 | 30-Nov | -18.75% | -6.19% |
Bestway Int’l | 718:HK | HKD | 0.085 | 0.001 | 1.19% | 0.068 | 0.088 | 0.068 | 2,995,000 | 30-Nov | -39.72% | -41.38% |
Asia Coal | 835:HK | HKD | 0.107 | -0.003 | -2.73% | 0.11 | 0.11 | 0.097 | 860,000 | 30-Nov | -57.20% | -57.20% |
Mongolian Mining | 975:HK | HKD | 5.95 | -0.09 | -1.49% | 5.97 | 6.01 | 5.85 | 1,588,115 | 30-Nov | -34.40% | -30.16% |
SGX | LionGold | LIGO:SP | SGD | 0.865 | 0.005 | 0.58% | 0.86 | 0.865 | 0.85 | 11,165,000 | 30-Nov | 18.49% | 67.96% |
LSE | Central Asia Metals | CAML:LN | GBp | 55.5 | -1.5 | -2.63% | 56.5 | 56.5 | 55 | 79,522 | 30-Nov | -38.50% | -39.34% |
Petro Matad | MATD:LN | GBp | 19.5 | 0 | 0.00% | 19.5 | 19.5 | 19.25 | 293,962 | 30-Nov | -84.02% | -79.58% |
Metal-Tech | MTT:LN | GBp | 5 | 0 | 0.00% | 5 | 5 | 5 | 0 | 30-Nov | -67.74% | -71.01% |
Origo Partners | OPP:LN | GBp | 31.375 | -2.125 | -6.34% | 33.5 | 33.5 | 31.375 | 195,233 | 30-Nov | -23.48% | -20.57% |
Tembusu | TIL:LN | GBp | 2.375 | 0 | 0.00% | 2.375 | 2.375 | 2.375 | 0 | 30-Nov | | -13.64% |
North America | Aberdeen Int’l | AAB:CN | CAD | 0.62 | -0.01 | -1.59% | 0.59 | 0.64 | 0.59 | 97,702 | 30-Nov | -23.33% | -5.02% |
Blue Zen Mem. Parks | BZM:CN | CAD | 0.15 | 0 | 0.00% | 0.15 | 0.15 | 0.15 | 0 | 28-Nov | | |
Centerra Gold | CG:CN | CAD | 22.76 | 2.38 | 11.68% | 20.6 | 22.88 | 20.54 | 1,282,802 | 30-Nov | 17.17% | 16.00% |
China Gold | CGG:CN | CAD | 2.82 | 0.07 | 2.55% | 2.8 | 2.89 | 2.78 | 200,011 | 30-Nov | -48.07% | -52.92% |
Denison Mines | DML:CN | CAD | 1.43 | 0.08 | 5.93% | 1.38 | 1.45 | 1.36 | 1,454,565 | 30-Nov | -58.06% | -55.17% |
Denison Mines | DNN:US | USD | 1.43 | 0.11 | 8.33% | 1.37 | 1.43 | 1.33 | 1,573,587 | 30-Nov | -58.19% | -53.87% |
East Asia Minerals | EAS:CN | CAD | 0.798 | -0.012 | -1.48% | 0.82 | 0.86 | 0.76 | 321,772 | 30-Nov | -90.07% | -89.03% |
Entree Gold | EGI:US | USD | 1.33 | 0.11 | 9.02% | 1.28 | 1.33 | 1.22 | 348,994 | 30-Nov | -61.56% | -50.74% |
Erdene Resource | ERD:CN | CAD | 0.4 | 0.005 | 1.27% | 0.395 | 0.405 | 0.38 | 66,000 | 30-Nov | -67.74% | -41.18% |
Entree Gold | ETG:CN | CAD | 1.29 | 0.05 | 4.03% | 1.26 | 1.33 | 1.16 | 233,618 | 30-Nov | -62.82% | -53.43% |
Fortress Minerals | FST:CN | CAD | 4.25 | 0.2 | 4.94% | 4.03 | 4.25 | 4.03 | 800 | 30-Nov | -2.30% | 25.00% |
Garrison Int’l | GAU:CN | CAD | 0.02 | 0 | 0.00% | 0.025 | 0.025 | 0.02 | 0 | 29-Nov | -77.78% | -66.67% |
Gulfside Minerals | GMG:CN | CAD | 0.07 | -0.01 | -12.50% | 0.07 | 0.07 | 0.07 | 16,500 | 30-Nov | -26.32% | -41.67% |
Green Tech Solutions | GTSO:US | USD | 0.075 | -0.003 | -3.85% | 0.074 | 0.08 | 0.074 | 58,700 | 30-Nov | | |
Ivanhoe Energy | IE:CN | CAD | 1.02 | 0.03 | 3.03% | 1.04 | 1.05 | 0.98 | 747,371 | 30-Nov | -62.50% | -52.78% |
Ivanhoe Energy | IVAN:US | USD | 1.01 | 0.04 | 4.12% | 1.01 | 1.03 | 0.97 | 956,584 | 30-Nov | -62.87% | -52.80% |
Ivanhoe Mines | IVN:CN | CAD | 22 | 1.38 | 6.69% | 21.64 | 22.22 | 21.24 | 3,429,253 | 30-Nov | -4.35% | -5.83% |
Ivanhoe Mines | IVN:US | USD | 21.56 | 1.56 | 7.80% | 21.22 | 21.88 | 20.95 | 3,121,357 | 30-Nov | -5.93% | -5.49% |
Kincora Copper | KCC:CN | CAD | 0.295 | -0.005 | -1.67% | 0.295 | 0.295 | 0.295 | 172 | 30-Nov | 9.26% | 118.52% |
Khan Resources | KRI:CN | CAD | 0.23 | 0.015 | 6.98% | 0.2 | 0.23 | 0.2 | 58,580 | 30-Nov | -52.08% | -47.73% |
Long Harbour | LHC:CN | CAD | 0.165 | 0 | 0.00% | 0.165 | 0.165 | 0.165 | 0 | 28-Nov | | 32.00% |
Lucky Strike | LKY:CN | CAD | 0.43 | 0.025 | 6.17% | 0.43 | 0.43 | 0.43 | 800 | 30-Nov | -70.34% | -51.69% |
Lucky Strike | LKYSF:US | USD | 0.4 | 0 | 0.00% | 0.4 | 0.4 | 0.4 | 0 | 29-Nov | -71.81% | |
Meritus Minerals | MER:CN | CAD | 0.04 | 0 | 0.00% | 0.04 | 0.04 | 0.04 | 48,000 | 30-Nov | -80.00% | -76.47% |
Manas Petroleum | MNAP:US | USD | 0.171 | 0.001 | 0.59% | 0.17 | 0.1725 | 0.155 | 146,462 | 30-Nov | -71.50% | -69.46% |
Mongolia Growth Grp | MNGGF:US | USD | 4.05 | -0.0445 | -1.09% | 4.1245 | 4.2315 | 4.046 | 58,500 | 30-Nov | | |
Blue Wolf Mongolia | MNGL:US | USD | 9.49 | 0 | 0.00% | 9.47 | 9.49 | 9.47 | 0 | 10-Nov | | |
Blue Wolf Mongolia | MNGLU:US | USD | 10.28 | 0 | 0.00% | 10.07 | 10.28 | 10.07 | 0 | 29-Nov | | |
Manas Petroleum | MNP:CN | CAD | 0.16 | 0 | 0.00% | 0.16 | 0.16 | 0.16 | 0 | 10-Nov | | |
Prophecy Coal | PCY:CN | CAD | 0.47 | 0.005 | 1.08% | 0.48 | 0.55 | 0.46 | 334,529 | 30-Nov | -45.64% | -46.18% |
Prophecy Coal | PRPCF:US | USD | 0.4807 | 0.025 | 5.49% | 0.467 | 0.4807 | 0.4463 | 51,090 | 30-Nov | -45.49% | -44.95% |
Puget Ventures | PVS:CN | CAD | 0.49 | 0 | 0.00% | | | | 0 | 17-Sep | | |
SouthGobi Resources | SGQ:CN | CAD | 7.94 | 0.73 | 10.12% | 7.2 | 8.14 | 7.174 | 1,292,488 | 30-Nov | -34.81% | -33.22% |
Solomon Resources | SRB:CN | CAD | 0.065 | -0.01 | -13.33% | 0.065 | 0.065 | 0.065 | 5,700 | 30-Nov | -69.77% | -58.06% |
Wedge Energy | WEG:CN | CAD | 0.015 | 0 | 0.00% | | | | 0 | 3-Aug | | |
Mongolia Growth Grp | YAK:CN | CAD | 4.14 | -0.09 | -2.13% | 4.2 | 4.3 | 4.11 | 39,287 | 30-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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