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Friday, December 9, 2011

[CPSI NewsWire: Undur Tolgoi Closes 2nd Tranche of C$7m Financing]

CPSI NewsWire brings you market updates on Mongolia, compiled by CPS International, a Mongolian marketing arm of CPS Securities, a Perth, WA based stockbroking and corporate advisory firm, specialising in capital raising for mining and junior stocks.

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See Mongolia related quotes at bottom of newsletter

 

Formerly Wedge Energy, backed by Firebird

Undur Tolgoi Minerals Inc. Closes the Second Tranche of its $7 Million Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2011) - Undur Tolgoi Minerals Inc. (the "Company") (CNSX:UTM) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement, announced on November 15, 2011, issuing an additional 5,134,965 common shares at a price of CDN$0.20 per share for aggregate gross proceeds of CDN$1,026,993. Pursuant to completion of the second tranche of the private placement, the Company has issued a total of 35,120,465 common shares at a price of CDN$0.20 per share for aggregate gross proceeds of CDN$7,024,093.

All securities issued pursuant to the second tranche of the Private Placement will be subject to a statutory four month hold period expiring March 8, 2012.

The net proceeds of the placement will be used for general working capital purposes and to further continue the work programme on the Company's Mongolian exploration license #8573X, named "UNDUR TOLGOI". The license consists of 9260 hectares of land located in the south Gobi Desert in Mongolia, approximately 100km from Ivanhoe Mines Ltd.'s and Rio Tinto plc's massive OYU TOLGOI copper and gold mine.

The Company also announces that it has granted, under its Stock Option Plan, fully vested incentive stock options to certain directors, senior officers, and consultants to purchase up to an aggregate of 4,975,000 common shares in the capital of the Company exercisable for a period of five years ending on December 7, 2016, at an exercise price of $0.25 per share and are subject to the Company's vesting provisions.

All options and any shares issued on the exercise of options will be subject to a four month hold period and are subject to Exchange approval.

Trading of the Company's, (previously Wedge Energy International Inc.), common shares was halted on August 22, 2011 in anticipation of completion of the plan of arrangement and second tranche of the related private placement. The Board of Directors of the Company are pleased to announce that the Company's common shares are expected to resume trading on or about December 8, 2011.

Link to release

 

Monvest Aims to be First Mongolian Company to List on Frankfurt Stock Exchange - Salans Appointed Listing Partner

FRANKFURT, Germany, Dec. 8, 2011 /PRNewswire/ -- Monvest, Inc., an entertainment, leisure and travel (ETL) company that operates the National Lottery of Mongolia, is in line to become the first Mongolian enterprise to do a primary listing on the Deutsche Borse's Frankfurt Stock Exchange (FWB). The listing initiative was kicked off with the appointment of a top rank listings team led by Listing Partner Salans, a leading German law firm whose lawyers have handled almost half of all FWB China IPOs to date.

Monvest plans to list its shares on the First Quotation Board (FQB) of the Open Market of the FWB in January 2012. The FQB listing is to be followed by an upgrade to the Entry Standard of the FWB within several months. The Monvest FWB listing dovetails with the Company's ongoing plan to list on the US OTC market in 2012.

"Frankfurt is an important step in the capital markets strategy of Monvest Group," says Nixon Yap, a renowned Malaysian entrepreneur, the Founder and Chairman of Monvest. "Our aim is to be the first Mongolian FWB listing and to provide European investors with an opportunity to take part in the rapid growth of this booming emerging market."

Monvest Group has an exclusive strategic partnership with BizINVIN LLC, a local company that holds the exclusive license to own and operate lotteries in Mongolia. The National Lottery commenced operations in 2011, and Monvest is in the process of completing the roll-out of 150 lottery distribution outlets in the nation's capital of Ulan Bator. Two lottery games are already launched by Monvest, a 6D Jackpot and a 6/42 Lotto.

Listing Team Excellence

Monvest has appointed Salans as Listing Partner. Salans has had a presence in China since the 1990s, is one of the first international law practices licensed in Shanghai, and one of the city's largest foreign law firms. Salans has solid relationships with both the FWB and German Financial Supervisory Authority (BaFin) and is recognized as a "Listing Partner" and "China Expert" by Deutsche Borse, the world's third largest exchange.

Of all Chinese enterprises to IPO on Frankfurt since 2007, nearly half have been handled by members of the Salans IPO team, including ZhongDe Waste Technology AG, Asian Bamboo AG, Euro Asia Premier Real Estate Co. Ltd., and Madison Property AG. Salans' Shanghai office, which has won trade awards for excellence, will coordinate the Mongolian project with the German offices of the firm.

"We are pleased to work with Monvest to achieve the first primary listing of a Mongolian enterprise in Frankfurt," states Dr.Benjamin Kroymann, the China IPO specialist for Salans at the Shanghai office. "This truly is a landmark for Mongolia and for the FWB. Deutsche Borse has made the effort to welcome Mongolian enterprises, and we feel that European investors are eager for the opportunity to invest in this market. Monvest will lead the way and should be the first of many from this region."

Mongolia was ranked for the first time as an emerging market in February 2011 when Citigroup analysts determined Mongolia to be one of "Global Growth Generators", countries with the most promising growth prospects for 2010-2050. With a rapid rise in resources, Mongolia's exports are up 50% from 2009, swelling cash reserves to US$1.8 billion. Production of coal, iron ore and crude oil should rise 10-fold over the next decade, and the 10 largest deposits are worth over US$1.3 trillion.

Frankfurt Capital Market

Frankfurter Wertpapierborse (FWB), also known as the Frankfurt Stock Exchange, is one of the world's largest securities trading centers with a tradition that dates back over 400 years. With a share in turnover of more than 90%, it is the largest of Germany's seven stock exchanges. Deutsche Borse AG operates the Frankfurt Stock Exchange and ensures the smooth functioning of exchange trading.

FWB is the world's third largest trading exchange, ranked only behind the New York Stock Exchange (NYSE) and NASDAQ. Frankfurt Stock Exchange is home to public companies from over 80 different countries with companies from North America making up almost 40% of the total listings, including over 3,200 from the US alone. More and more companies from countries like the US, Canada, Australia, the UK, India, China choose FWB over their home country's stock exchange.

"Frankfurt is a logical step for Monvest to bring its story to the global investment community," added Yap. "We see FWB as a steppingstone into the European capital market, and, despite the recent economic ills, there is no denying that Europe boasts one of the world's largest pools of capital. European investors also have a historic global outlook that allows them to embrace countries like Mongolia."

Yap points out that the underlying prospects of Monvest are sound. Mongolia is primed for a lottery given its growth story in recent years. There are numerous lotteries operating across Asia, which has a tradition of private ownership of lotteries, many of which are listed in their home markets. These lottery operations provide a solid revenue stream for government and often provide high returns for investors.

About Monvest

Monvest, Inc. was incorporated in the US state of Nevada to operate and invest in entertainment, travel and leisure businesses. The initial focus of Monvest is to develop operations in Mongolia, where it owns and operates the only National Lottery. InMongolia, Monvest Group companies include wholly-owned Modern Capital Vest LLC, a lottery management company, and majority-owned BizINVIN LLC, holder of the National Lottery license.

Link to release

 

Deutsche Bank Becomes Substantial Holder in SouthGobi at 5%

December 8, SouthGobi Resources Limited (TSX:SGQ, HK:1878) --

Link to Substantial Shareholder Notice

 

B.Ariunsan: There will be no fuel shortage

December 8 (news.mn) The Government recently decided to create a 15-day, MNT 5 billion reserve of gasoline to be used in case of a fuel shortage or price increase. 

That decision has led some people to believe that a fuel shortage is imminent. To quell those rumors, the Deputy Minister for Mineral Resources and Energy, B.Ariunsan, has said there will be no fuel shortage.

He explained that the Government’s decision to create a fuel reserve is aimed at preventing a fuel shortage. B.Ariunsan said the Government is taking some measures to ensure there will not be another shortage. A fuel shortage similar to last spring’s will not be repeated, he added. 

The Deputy Minister also said Mongolia imports gasoline from several Russian companies, and Mongolia has long-term agreements in place for the importation of fuel from Russia. Mongolia also imports 10,000 tons of gasoline from China every month. 

He added that Mongolia has a 14-day diesel reserve and a 20-day gasoline reserve. B.Ariunsan also stated that fuel prices will not be increased. The Government has also decided to create a MNT 18 billion fuel reserve next year. It will primarily be for the agriculture and mining sectors.

Link to article

 

KUWAIT INVESTMENT AUTHORITY WANTS TO MAKE INVESTMENTS

Ulaanbaatar, Mongolia, December 8 /MONTSAME/ Kuwait has a big aspiration to make investments to Mongolia, especially in the fields of infrastructure, mining and agriculture. 

It was said by the Kuwait Investment Authority (KIA) director Mr. Bader Mohammed Al-Saad at a meeting with the Mongolian President on Wednesday. 

Mr. Elbegdorj added that it is necessary to develop a partnership cooperation between Mongolia and the KIA, and expressed a willingness to cooperate with Kuwait when many biggest projects have been realized in frames of the middle-term strategic program of development.

“The KIA's main object is to earn income by well exploiting revenue from the oil reserve and making investments. Recent years, the KIA is augmenting investments to Asia, Africa and Latin America,” Mr. Bader said. Then he stressed that the KIA is ready to study an opportunity to boost a collaboration with Mongolia in the investment sector

“The KIA's main criteria for countries are the activities that meet international standards and the authorities sustainable. We always try to create mutually-beneficial conditions for us and for foreign investors,” Mr. Bader said. The KIA has received requests from Mongolia on cooperating in some projects, and the KIA is focusing on one of them--introduction of a liquid oil processing technology, he added. 

** ** **

The same day, the President Ts.Elbegdorj shared views with Mr. Halid Abdulla Al-Sagar, a vice-chairman of the Kuwait Chamber of Commerce and Industry (KCCI) on supporting the private sector in order to improve the bilateral economic relations.

We, the Kuwaiti investors and businessmen, are interested in making investments to Mongolia but we do not have enough information about it. I think it is necessary to increase the private sector's participation in the collaboration in mining, infrastructure, agriculture and new technological spheres,” Mr. Halid said.

Emphasizing an importance of the private sector partnership in boosting the bilateral economic ties, the President Ts.Elbegdorj put forward some proposals on activating this partnership.

The meeting resulted in agreement to organize mutual visits of chambers of commerce and industry, investment and business forums of the two countries. Moreover, a deputy director of the Development Bank of Mongolia (DBM) L.Bolormaa and Mr. Bader signed a memorandum of mutual understanding.

Link to article

 

PRESIDENT WANTS TO BOOST AGRICULTURAL COLLABORATION WITH KUWAIT

Ulaanbaatar, Mongolia, December 8 /MONTSAME/ On Wednesday, the President Ts.Elbegdorj exchanged views on widening the Mongolia-Kuwait trade cooperation with Mrs. Amani Buresli, the Kuwait Minister of Commerce and Industry. 

The President underlined that an opportunity exists to create a sheep farming and to prepare meat in Mongolia.

Mrs. Buresli appreciated these proposals and pointed out that the two countries can develop the cooperation in tourism as well.

Then they discussed ways of augmenting a number of tourists, opening the direct flight between UB city and Kuwait, regularizing the investors' forum

The dignitaries also spoke about altering some clauses in the Mongolia-Kuwait trade agreement established in 2007.

Link to article

 

Outsourcing center to be built

December 8 (news.mn) On Wednesday, the Standing Committee on Security and Foreign Policy discussed a proposed 25-year, USD 20 million loan from the Indian government to the Mongolian government to build an outsourcing center. 

Committee members approved the proposal and will submit it to the Government.

About 44 percent of the loan will finance construction of the center. The remainder will finance training programs for Mongolians at outsourcing centers in India, as well as inviting specialists from India to Mongolia.

The Ministry of Education, Culture and Science is planning to build the outsourcing center in the Nalaikh district, although the Information, Communications, Technology and Post Authority would rather it be built in the Baganuur district. The location of outsourcing center will be discussed at a Government meeting this month. 

MP Z.Enkhbold criticized the length of time it has taken to implement the proposal, noting that President Ts.Elbegdorj agreed to it during his official visit to India in 2009. 

Link to article

 

SPEAKER TO PAY OFFICIAL VISIT TO JAPAN

Ulaanbaatar, Mongolia, December 8 /MONTSAME/ The Parliament Speaker will pay an official visit to Japan on December 9-13 at invitation of Kenji Hirata, the Speaker of Japan parliament's House of Councilors. 

During the visit, the Speaker will meet with Mr. Kenji Hirata; Takahiro Yokomichi, the Speaker of the House of Representatives; and with Yoshihiko Noda PM. 

D.Demberel will be received by His Highness Akihito the Emperor of Japan and Empress Michiko. Then, the Speaker will meet Mongolians who live in Japan and will attend an opening of the Mongolia-Japan investment seminar.

He will be accompanied by D.Khayankhyarvaa, a head of the Standing committee on budget; by Su.Batbold, a head of the Mongolia-Japan parliamentary group; B.Bolor, the Vice Minister of Foreign Affairs; T.Enkhtaivan, the Vice Minister of Mineral Resources and Energy; other officials and media. 

Link to article

 

Mongolian Airlines

December 6, 2011 / Ulaanbaatar / ToMongolia -- A new Mongolian domestic airline will operate in 2012, adding competition to the two existing companies operating domestic flights.

The company "Mongolian Airlines Group LLC" was registered in 2011.

The new registration of "Mongolian Airlines" is a revival of a similar company with the same name established in 1956 that flew the Antonov AN-2 aircraft at that time. The original "Mongolian Airlines" company has changed forms and ownership several times, involving separation from MIAT in 1992. Since September 2011, 100% of the airline stocks are owned by "Bodi Group" a Mongolian business conglomerate that reorganized the company.

Bodi Group includes 14 subsidiary companies, employing over fourteen hundred professionals. Bodi Group is actively engaged in rapidly growing fields of banking financing, property development, real estate, media, trade, aviation and services.

A first trial domestic flight of the newly registered company took off on November 18th 2011 as a charter flight to Bayankhongor.

In the past few years only two airlines, Eznis and Aero-Mongolia operated domestic flights. 

The competition between the three companies has begun. Delgermaa Shagdarsuren who serves as Chief Commercial Officer at Mongolian Airlines Group LLC said that the company will offer special discounts. Today's launching charter flight to Choibalsan was sold for a special one time discount of only 100,000MNT".

Eznis has responded - "All Eznis one way flight tickets" will cost only 120,600MNT for a limited period of time to commemorate it's 5th year of operations.

A one way ticket to Choibalsan costs from about 210,000MNT and up.

In 2012 the airline will offer domestic flights using four aircrafts. The first Fokker-50 aircraft with it's new color scheme arrived in November 2011. The aircraft  will receive the registration number JU-8881, and it's c/n is 20183, built 21 years ago and used in the past by SAS. Other aircrafts in the fleet are two Airbus-A319 named Nirun and GreatMomgol, two Fokker-50 named Hunnu and Kidam, and  a Boing 737.

The first Fokker-50 aircraft is named HUNNU (marked on the aircraft's nose) to commemorate the 2220th anniversary of the founding of the First State of Mongol – the Hunnu State.

The company will operate from Chinggis Khaan Mongolia's international airport, and operate domestic flights to Dalanzadgad in the South, Khovd in the West, Moron in the North, Choibalsan in the East, Bayankhongor and Arvayakheer in the center of Mongolia.

The "Mongolian Airlines" office is located in the Bodi group tower building  near Sukhbaatar Square, in the center of Ulaanbaatar  Tel: +976-11-310657. Fax: +976-11-310649.

Mongolian Airlines website was launched today www.mongolianairlines.com

The official video clip of Mongolian Airlines

Link to article

 

Mongolia to Join OSCE in 2014

December 8 (News.Az) The 18th OSCE Ministerial Council meeting wrapped up on Wednesday.

The Foreign Ministers adopted a decision on further steps to increase the efficiency of the organization, AzerTag reports.

The final document of the meeting also envisages settlement of protracted conflicts in the OSCE region, need to strengthen efforts towards settlement of existing conflicts by peaceful means.

The Ministerial Council also adopted a decision on Mongolia`s joining the OSCE in 2014 and Serbia`s in 2015. The OSCE chairmanship will be transfered to Ireland in 2012.

Link to article

 

Teachers announce strike

December 9 (news.mn) On Thursday, teachers announced they will go on strike beginning December 12 to demand a raise beginning January 1.

Teachers say they will strike until their demand is met. They have already demonstrated, gone on strike for two hours, and sent a note to President Ts.Elbegdorj. 

All secondary schools and some kindergartens say they will join the strike in Ulaanbaatar. Some 14,900 teachers from local settlements have signed a petition to support the teachers.

Link to article

 

Court says two laws violate Constitution

December 8 (news.mn) The Constitution Court met on Wednesday and ruled that some provisions of the law on social insurance and the law on taxation violate the Constitution. Parliament passed both laws in 2007. 

The court ruled that the laws violate provisions of the Constitution regarding the rights of the insured, health care, and medical services. 

The Constitution Court will submit its findings to Parliament, which must reply within 15 days.

Link to article

 

Social and economic situation of Mongolia (As of the first 11 months of 2011)

December 9 (National Statistics Office) --

I. Social indicators 

In the first 11 months of 2011, 64667 mothers delivered 64910 children (live births) increased by 4007 mothers or 6.6 percent, and 4037 children or 6.6 percent, compared to the same period of the previous year. 

In the first 11 months of 2011, at national level infant mortality decreased by 120 or 10.2 percent to 1055, and child mortality aged 1-5 decreased by 86 or 27.1 percent to 231 compared to the same period of the previous year. 

The number of unemployed reached 62.7 thousand at the end of November, 2011, reflecting an increase of 22.1 persons or 54.4 percent compared to the same period of the previous year. 

In the first 11 months of 2011, 629.5 thous.persons were registered as insurer, of which 411.6 thousand or 65.4 percent were those from the establishments, and 217.9 thousand or 34.6 percent from the government budgetary organization. Compared to the same period of the previous year, the number of insurers increased by 72.8 thousand or 13.1 percent, of which the increased by 68.9 thousand or 20.1 percent from establishments, and increased by 3.8 thousand or 1.8 percent from government budgetary organization...

In the first 11 months of 2011, social welfare pensions and benefits allocated to 56.8 thous.persons, showing an increase of 1.1 thous.persons or 2.0 percent, total amount of the allocated fund increased by 7.5 bln.tog or 30.2 percent compared to the same period of the previous year.

In the first 11 months of 2011, 666.8 bln.tog were distributed to 2.7 mln. persons (double counting) from the Human development fund. In the first 11 months of 2011, the number of infectious disease cases was 38.3 thous.persons, increase by 1598 cases or 4.3 percent compared the same period of the previous year. The increase in the number of infectious disease cases was mainly due to the increases of 5698 persons or 82.4 percent in viral hepatitis, 1786 persons or 2.7 times in varicella, 380 persons or 74.4 percent in mumps, 354 persons or 9.9 percent in syphilis, although there was a decrease of 1593 persons or 61.7 percent in Enterovirus-71, 2255 persons or 56.5 percent in mycoses, 1276 persons or 38.5 percent in trichomoniasis, 397 persons or 7.7 percent in gonococcal infection, and 186 persons or 4.7 percent in tuberculosis. 

At national level, 17591 crimes were registered in the first 11 months of 2011, reflecting a decrease of 342 crimes or 1.9 percent compared to the same period of the previous year. The decrease in the number of crimes was mainly due to the decreases in crime against the right of ownership (609), crime against human life and health (or physical well-being) (237), and crime against population health (58), although there were increases in crime against the rules of safety of traffic and use of motor vehicles (269), crime against social security (206), crime against administrative rules (44), crime against judicial procedure (35), and crime against children, family and social morality (33) compared to the same period of the previous year. 

In the first 11 months 2011, occurred crimes caused 7294 injuries and 871 deaths. The number of injuries up by 900 persons or 14.1 percent and the number of deaths down by 318 persons or 26.7 percent compared to the same period of the previous year. 

II. Macroeconomic indicators 

The national consumer price index in November, 2011 increased by 1.3 percent compared to the previous month, increased by 8.1 percent from December 2010, and increased by 10.8 percent compared to the same period of the previous year. The increase in national index compared to the previous month was mainly due to the increases of 2.1 percent in food and non-alcoholic beverages, and 2.3 percent in clothing, footwear and cloth.

According to the report of the Bank of Mongolia, money supply (broad money or M2) at the end of November 2011, reached to 6133.7 bln.tog, reflecting an increase of 45.4 bln.tog or 0.7 percent compared to the previous month, and by 2194.1 bln.tog or 55.7 percent compared to the same period of the previous year. 

At the end of November 2011, currency issued in circulation reached 678.9 bln.tog, decreased by 16.0 bln.tog or 2.3 percent compared to the previous month, and increased by 206.0 bln.tog or 43.6 percent compared to the same period of the previous year. 

Loans outstanding at the end of November 2011, amounted to 5438.7 bln.tog, up by 216.8 bln.tog or 4.2 percent compared to the previous month, and by 2326.2 bln.tog or 74.7 percent compared to the same period of the previous year. 

Principals in arrears at the end of November 2011 reached 71.5 bln.tog reflecting increases of 0.5 bln.tog or 0.7 percent compared to the previous month, decreases 18.7 bln.tog or 20.7 percent compared to the same period of the previous year. 

At the end of November 2011, the non-performing loans over the bank system reached 343.2 bln.tog, showing decreases of 4.2 bln.tog or 1.3 percent compared to the previous month, and of 27.7 bln.tog or 7.5 percent compared to the same period of the previous year. In November 2011, there were 22 trading days and 10.1 mln.shares valued at 34.0 bln.tog were traded. 

In November 2011, the TOP-20 average index reached 21148.7, showing increases of 486.7 points compared to the previous month. In the first 11 months of 2011, total revenue and grants of the General Government Budget amounted to 3860.2 bln.tog and total expenditure and net lending amounted to 3813.3 bln.tog, representing surplus of 46.9 bln.tog in the General Government Budget overall balance. The overall balance surplus decreased by 142.8 bln.tog or 75.3 percent compared to the first 10 months of 2011. 

Compared to the same period of the previous year, General Government Budget overall balance decreased by 24.1 bln.tog. The decrease was mainly due to the revenue growth pace exceeded the expenditure growth by 2.3 percentage points. 

Current revenue of the General Government Budget amounted of 3705.2 bln. tog and current expenditure reached 2776.6 bln.tog. Thus, the budget current balance was in surplus of 928.6 bln.tog. 

Compared to the same period of the previous year, tax revenue increased by 978.4 bln.tog or 42.2 percent. The increase was mainly due to the increases of 521.1 bln.tog or 68.8 percent in taxes on goods and services, 309.7 bln.tog or 2.2 times in other taxes, 151.8 bln.tog or 44.8 percent in corporate income tax, 130.7 bln.tog or 77.4 percent in taxes on foreign trade, 116.6 bln.tog or 42.4 percent in social security contribution, although there was decreases of 318.3 bln.tog or 85.1 percent in price increase tax of some products. 

Compared to the same period of the previous year, non-tax revenue increased by 124.0 bln.tog or 43.9 percent. The increase was mainly due to the increases of 57.2 bln. tog or 46.5 percent in revenues from budget entities, 26.9 bln.tog or 2.9 times in revenues from dividends, 17.5 bln.tog or 39.8 percent in revenues from oil petroleum, 17.3 bln.tog or 76.2 percent in revenues from interest and fines, 2.5 bln.tog or 7.0 percent in revenues from navigation fee and 2.3 bln.tog or 5.7 percent in revenues from others. 

In the first 11 months of 2011, total expenditure and net lending of the General Government Budget increased by 1241.1 bln.tog or 48.3 percent to 3813.3 bln.tog compared to the same period the previous year. This was mainly due to increases of 577.1 bln.tog or 63.7 percent in subsidies and transfers, 334.4 bln.tog or 80.7 percent in capital expenditure, 271.2 bln.tog or 27.5 percent in expenditure of goods and services, 63.9 bln.tog or 28.6 percent in lending minus repayments, although there was decreases of 6.0 bln.tog or 14.9 percent in interest payment. 

Spending of 749.0 bln.tog on capital expenditure in the first 11 months of 2011, was higher by 334.4 bln.tog or 80.7 percent compared to the same period of the previous year. The increase in capital expenditure was due to the increases of 300.0 bln.tog or 74.5 percent in capital expenditure of domestic sources and 34.4 bln.tog or 3.9 times in foreign financed capital expenditure compared to the same period of the pervious year. 

In the first 11 months of 2011, Mongolia traded with 123 countries from all over the world and total external trade turnover reached 10271.2 mln.US dollars, of which exports made up 4303.9 mln.US dollars and imports made up 5967.3 mln.US dollars. 

External trade balance showed a deficit of 1663.4 mln.US dollars in the first 11 months of 2011, increased by 1343.0 mln.US dollars or 5.2 times compared to the same period of the previous year. 

External trade balance showed a deficit of 99.7 mln.US dollars in November, 2011, increased by 37.2 mln.US dollars or 59.5 percent from 62.5 mln.US dollars deficit in November, 2010. 

Total external trade turnover increased by 4849.4 mln.US dollars or 89.4 percent compared to the same period of the previous year, of which imports up by 3096.2 mln.US dollars or 2.1 times, and exports up by 1753.2 mln.US dollars or 68.7 percent. 

III. Economic sector indicators 

In the first 11 months of 2011, the total industrial output increased by 175.4 bln.tog or 10.4 percent to 1860.9 bln.tog (at 2005 constant prices) compared to the same period of the previous year. The increase in the industrial output was mainly due to 12.1 percent to 2.3 times increases in mining and quarrying products such as crude oil, coal and iron ore and 1.3-79.9 percent increases in industrial main products of manufacturing sector such as bakery products, horse meat, combed down, knitted goods, bread, soft drinks, milk, alcohol, juice, beer, pure water and concrete mortar. 

In the first 11 months of 2011, 16783.2 thous.t. freight and 3540.0 thous.passengers (double counting) were carried by railway transport. Compared to the same period of the previous year, the number of carried freight rose by 1500.6 thous.t or 9.8 percent and the number of carried passengers rose by 300.5 thous.persons or 9.3 percent. Revenue from railway transport increased by 82.6 bln.tog or 30.4 percent to 354.1 bln. tog in the first 11 months of 2011, compared to the same period of the previous year. 

In the first 11 months of 2011, 2.6 thous.t freight and 525.5 thous.passengers(double counting) were carried by air transport. Compared to the same period of the previous year, the number of carried freight increased by 1.1 thous.t or 71.5 percent, the number of carried passengers rose by 160.8 thous. persons or 44.1 percent. Revenue from air transport increased by 44.2 bln.tog or 41.8 percent to 149.9 bln.tog in the first 11 months of 2011, compared to the same period of the previous year. 

According to the report of the Institute of Meteorology and Hydrology, maximum precipitation was registered in Choibalsan soum (24.9 mm) of Dornod aimag in November, 2011. In the November of 2011, Khanbogd soum of Umnugovi aimag had the highest air temperature (+13.1°C), while Tosontsengel soum of Zavkhan aimag had the lowest air temperature (-36.4°C). Wind speed reached 18 m/sec in Tsogt soum of Govi-Altai aimag. 

Daily average concentration of nitrogen dioxide exceeded 30 times around the 13th micro district of Ulaanbaatar city, 28 times around the West crossroad, 23 times around Kharkhorin market, 22 times around the Misheel-Expo center and the 32nd Toirog, 16 times around the 1st district and 5 times around the Offitseruudiin ordon, daily average concentration of sulphur dioxide exceeded 28 times around the 13th micro district and the 32nd Toirog, 26 times around the West crossroad, 22 times around the Misheel-Expo center, 18 times around the Offitseruudiin ordon, 17 times around the 1st district and 14 times around Kharkhorin market, particulate matter less than 10 micrograms exceeded 26 times around the 32nd Toirog, 21 times around the 13th micro district, 15 times around the West crossroad and the Misheel-Expo center and 9 times around Kharkhorin market, particulate matter less than 2.5 micrograms exceeded 26 times around the West crossroad and 24 times around the 13th micro district from the maximum allowable concentration of air quality standard in November, 2011. 

In the first 11 months of 2011, 3268 disasters and accidents occurred. As a result, 202 people died, 165.5 thous.livestock and domestic animals had lost. In the first 11 months of 2011, 2802 object fires, 20 accidents related to artisanal mining and rock falls, 39 cases of domestic animal madness disease, 92 river and lake accidents occurred. In the first 11 months of 2011, estimated damage caused by the disasters and accidents amounted to 5.0 bln.tog.

Link to release

 

Table: Mongolia Related Stocks (Source: Bloomberg)

 

Name

Symbol

$

Price

Change

+-%

Open

High

Low

Volume

Time

% YTD

% 12 m

Indices

ASX 200

AS51:IND

4,280.70

-11.80

-0.27%

4,289.10

4,290.90

4,271.30

-

8-Dec

 

 

Nikkei 225

NKY:IND

8,664.58

-57.59

-0.66%

8,664.35

8,688.81

8,625.19

-

8-Dec

 

 

Hang Seng

HSI:IND

19,107.81

-132.77

-0.69%

19,112.33

19,137.56

18,956.41

-

8-Dec

 

 

FTSE 100

UKX:IND

5,483.77

-63.14

-1.14%

5,546.91

5,605.27

5,483.77

-

8-Dec

 

 

TSX Composite

SPTSX:IND

11,951.79

-196.94

-1.62%

12,067.64

12,117.82

11,916.96

-

8-Dec

 

 

S&P 500

SPX:IND

1,234.35

-26.66

-2.11%

1,260.87

1,260.87

1,231.47

-

8-Dec

 

 

ASX

Aspire Mining

AKM:AU

A$

0.32

-0.005

-1.54%

0.325

0.335

0.315

801,985

8-Dec

-33.33%

-24.71%

Blina Minerals

BDI:AU

A$

0.006

0

0.00%

0.006

0.006

0.006

874,990

8-Dec

-60.00%

-60.00%

C@

CEO:AU

A$

0.042

0

0.00%

0.041

0.042

0.04

0

25-Nov

General Mining

GMM:AU

A$

0.053

0

0.00%

0.058

0.058

0.053

0

7-Dec

-55.83%

-55.83%

Guildford Coal

GUF:AU

A$

0.805

-0.005

-0.62%

0.805

0.805

0.79

2,392,583

8-Dec

10.27%

21.97%

Haranga Resources

HAR:AU

A$

0.345

0.005

1.47%

0.35

0.355

0.33

379,812

8-Dec

-46.09%

72.50%

Hunnu Coal

HUN:AU

A$

1.795

0

0.00%

1.78

1.795

1.78

0

16-Nov

34.46%

44.76%

Modun Resources

MOU:AU

A$

0.05

0.001

2.04%

0.048

0.051

0.048

1,572,507

8-Dec

400.00%

400.00%

Mongolian Res Corp

MUB:AU

A$

0.13

0

0.00%

0.13

0.13

0.13

0

2-Dec

-64.38%

Robe Australia

ROB:AU

A$

0.022

0

0.00%

0.022

0.023

0.022

789,813

8-Dec

135.29%

187.58%

Voyager Resources

VOR:AU

A$

0.071

-0.003

-4.05%

0.073

0.073

0.071

2,685,811

8-Dec

32.40%

104.28%

Xanadu Mines

XAM:AU

A$

0.385

-0.015

-3.75%

0.395

0.395

0.385

46,500

8-Dec

-31.86%

MSE

A Board

Aduunchuluun 

ADL:MO

MNT

6,350

-349

-5.21%

6,450

6,450

6,300

92

8-Dec

-20.63%

-23.77%

APU

APU:MO

MNT

3,355

-94

-2.73%

3,449

3,479

3,355

3,362

8-Dec

68.59%

84.34%

Atar Urguu

ATR:MO

MNT

38,000

0

0.00%

38,000

38,000

38,000

0

2-Dec

111.11%

Baganuur 

BAN:MO

MNT

11,000

-151

-1.35%

11,102

11,250

11,000

666

8-Dec

4.76%

3.77%

Mogoin Gol

BDL:MO

MNT

25,000

0

0.00%

25,000

25,000

25,000

102

8-Dec

111.86%

141.55%

BDSec 

BDS:MO

MNT

3,700

0

0.00%

3,700

3,700

3,700

198

8-Dec

48.00%

54.17%

Bayangol Hotel

BNG:MO

MNT

36,000

0

0.00%

36,000

36,000

36,000

0

7-Dec

50.63%

53.26%

Bayanteeg 

BTG:MO

MNT

23,700

0

0.00%

23,700

23,751

23,700

0

7-Dec

551.28%

UB BUK

BUK:MO

MNT

33,000

0

0.00%

33,000

33,000

33,000

25

8-Dec

626.07%

Eermel

EER:MO

MNT

2,800

150

5.66%

2,800

2,800

2,665

378

8-Dec

-2.61%

9.80%

Gobi 

GOV:MO

MNT

4,790

10

0.21%

4,750

4,790

4,750

54

22:49

-14.46%

-16.70%

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

0

0.00%

200

200

200

0

1-Dec

11.11%

17.65%

Khukh Gan

HGN:MO

MNT

180

-10

-5.26%

190

190

180

14,312

8-Dec

-3.74%

15.38%

Hermes Centre

HRM:MO

MNT

61

1

1.67%

61

61

61

12

8-Dec

12.96%

15.09%

Jenko Tour Bureau

JTB:MO

MNT

94

1

1.08%

93

94

93

14,920

8-Dec

0.00%

3.30%

Telecom Mongolia

MCH:MO

MNT

2,701

-98

-3.50%

2,701

2,701

2,701

254

8-Dec

-22.83%

-22.83%

Mongolia Dev Res

MDR:MO

MNT

1,250

0

0.00%

1,250

1,250

1,250

0

30-Nov

-3.85%

0.00%

Moninjbar

MIB:MO

MNT

140

0

0.00%

140

140

140

563

8-Dec

21.74%

21.74%

Mongol Nekhmel

MNH:MO

MNT

2,450

0

0.00%

2,450

2,450

2,400

0

5-Dec

88.46%

113.04%

Hotel Mongolia

MSH:MO

MNT

798

0

0.00%

798

798

798

0

6-Dec

22.77%

Darkhan Nekhii

NEH:MO

MNT

6,799

100

1.49%

6,700

6,799

6,650

138

8-Dec

38.76%

37.60%

Nak Tulsh

NKT:MO

MNT

181

0

0.00%

181

181

180

0

5-Dec

-44.31%

-48.43%

Olloo

OLL:MO

MNT

163

21

14.79%

140

163

140

116,247

8-Dec

8.67%

-0.61%

Remikon 

RMC:MO

MNT

186

-1

-0.53%

189

189

183

67,399

8-Dec

158.33%

151.35%

Sharyn Gol 

SHG:MO

MNT

11,950

-50

-0.42%

11,950

12,000

11,950

620

8-Dec

13.81%

13.81%

Shivee Ovoo

SHV:MO

MNT

15,000

-1000

-6.25%

15,800

15,800

15,000

10

8-Dec

15.38%

11.11%

Sor

SOR:MO

MNT

3,400

400

13.33%

3,000

3,400

3,000

840

8-Dec

353.33%

325.00%

Suu 

SUU:MO

MNT

65,000

0

0.00%

65,500

65,500

65,000

0

6-Dec

209.72%

209.72%

Tav

TAV:MO

MNT

32,000

1000

3.23%

32,000

32,000

32,000

5

8-Dec

Talkh Chikher

TCK:MO

MNT

10,300

-500

-4.63%

10,300

10,300

10,300

40

8-Dec

178.38%

202.94%

Tavantolgoi

TTL:MO

MNT

10,500

-100

-0.94%

10,600

10,600

10,000

414

8-Dec

82.29%

State Dept Store 

UID:MO

MNT

498

18

3.75%

470

498

470

4,197

8-Dec

15.81%

18.57%

Ulaanbaatar Hotel

ULN:MO

MNT

50,000

-1000

-1.96%

50,000

50,000

50,000

10

8-Dec

81.82%

88.67%

Mongol Savkhi

UYN:MO

MNT

2,100

0

0.00%

2,100

2,100

2,100

0

5-Dec

281.82%

281.82%

Zoos Goyol

ZOO:MO

MNT

830

-20

-2.35%

820

849

820

786

8-Dec

5.06%

6.41%

HKEx

Solartech Int’l

1166:HK

HKD

0.207

0.012

6.15%

0.197

0.218

0.197

78,965,118

8-Dec

-78.44%

-78.44%

Winsway

1733:HK

HKD

2.62

-0.03

-1.13%

2.64

2.73

2.58

6,354,000

8-Dec

-41.70%

-39.36%

SouthGobi Resources

1878:HK

HKD

54.05

-0.8

-1.46%

54.8

54.8

54

36,650

8-Dec

-45.68%

-44.28%

China Gold

2099:HK

HKD

21.85

0.15

0.69%

21.7

21.85

21.5

24,600

8-Dec

-47.98%

-51.44%

CNNC Int’l

2302:HK

HKD

2.02

-0.02

-0.98%

2.01

2.05

1.99

463,000

8-Dec

-76.78%

-76.78%

Real Gold Mining

246:HK

HKD

8.81

0

0.00%

8.81

8.81

8.81

0

8-Dec

-34.28%

-38.88%

Mongolia Energy

276:HK

HKD

0.81

0

0.00%

0.82

0.82

0.79

7,398,636

8-Dec

-65.09%

-68.11%

Zijin Mining

2899:HK

HKD

3.49

-0.05

-1.41%

3.5

3.54

3.41

18,951,250

8-Dec

-26.01%

-28.40%

Mongolia Inv Group

402:HK

HKD

0.044

0.002

4.76%

0.042

0.044

0.042

946,000

8-Dec

-70.27%

-69.23%

North Asia Resources

61:HK

HKD

0.241

0.009

3.88%

0.23

0.241

0.23

2,405,000

8-Dec

-73.52%

-82.28%

China Daye Non-Fer.

661:HK

HKD

0.46

0

0.00%

0.455

0.46

0.45

2,342,400

8-Dec

-17.86%

-6.12%

Bestway Int’l

718:HK

HKD

0.077

-0.004

-4.94%

0.089

0.089

0.076

920,000

8-Dec

-45.39%

-48.32%

Asia Coal

835:HK

HKD

0.105

0.004

3.96%

0.095

0.105

0.095

390,002

8-Dec

-58.00%

-58.82%

Mongolian Mining

975:HK

HKD

6.18

0.11

1.81%

6

6.29

6

1,001,000

8-Dec

-31.86%

-30.33%

SGX

LionGold

LIGO:SP

SGD

0.86

0

0.00%

0.86

0.865

0.86

8,408,000

8-Dec

17.81%

34.38%

LSE

Central Asia Metals

CAML:LN

GBp

55.5

-0.5

-0.89%

55.5

55.5

55.5

0

8-Dec

-38.50%

-36.57%

Petro Matad

MATD:LN

GBp

22.75

1.375

6.43%

21.375

22.75

21.375

192,723

8-Dec

-81.35%

-77.14%

Metal-Tech

MTT:LN

GBp

4.625

0

0.00%

4.625

4.625

4.625

0

8-Dec

-70.16%

-70.63%

Origo Partners

OPP:LN

GBp

34.5

-0.25

-0.72%

34.75

34.75

34.5

25,673

8-Dec

-15.85%

-12.10%

Tembusu

TIL:LN

GBp

2.375

0

0.00%

2.375

2.375

2.375

0

8-Dec

5.56%

North

America

Aberdeen Int’l

AAB:CN

CAD

0.62

-0.04

-6.06%

0.64

0.64

0.62

208,065

8-Dec

-23.33%

1.01%

Blue Zen Mem. Parks

BZM:CN

CAD

0.15

0.005

3.45%

0.15

0.15

0.15

4,325

8-Dec

Centerra Gold

CG:CN

CAD

22.51

0.33

1.49%

21.76

22.97

21.76

615,484

8-Dec

15.89%

6.94%

China Gold

CGG:CN

CAD

2.68

-0.17

-5.96%

2.78

2.8

2.66

174,229

8-Dec

-50.64%

-52.98%

Denison Mines

DML:CN

CAD

1.43

-0.05

-3.38%

1.45

1.5

1.43

1,159,130

8-Dec

-58.06%

-57.06%

Denison Mines

DNN:US

USD

1.4

-0.08

-5.41%

1.47

1.47

1.4

629,759

8-Dec

-59.06%

-57.19%

East Asia Minerals

EAS:CN

CAD

0.72

-0.01

-1.37%

0.71

0.72

0.69

146,290

8-Dec

-91.04%

-89.92%

Entree Gold

EGI:US

USD

1.27

0

0.00%

1.27

1.28

1.22

58,236

8-Dec

-63.29%

-56.06%

Erdene Resource

ERD:CN

CAD

0.355

-0.025

-6.58%

0.37

0.37

0.355

74,700

8-Dec

-71.37%

-69.13%

Entree Gold

ETG:CN

CAD

1.27

-0.01

-0.78%

1.29

1.29

1.25

116,676

8-Dec

-63.40%

-56.80%

Fortress Minerals

FST:CN

CAD

4.02

0

0.00%

4.02

4.02

4.02

0

6-Dec

-7.59%

37.67%

Garrison Int’l

GAU:CN

CAD

0.02

0

0.00%

0.02

0.02

0.02

0

6-Dec

-77.78%

-66.67%

Gulfside Minerals

GMG:CN

CAD

0.06

-0.005

-7.69%

0.06

0.06

0.06

4,000

8-Dec

-36.84%

-42.86%

Green Tech Solutions

GTSO:US

USD

0.065

0

0.00%

0.0625

0.07

0.05

490,043

8-Dec

-98.70%

Ivanhoe Energy

IE:CN

CAD

0.93

0.01

1.09%

0.92

0.95

0.91

357,850

8-Dec

-65.81%

-61.41%

Ivanhoe Energy

IVAN:US

USD

0.91

-0.02

-2.15%

0.92

0.9258

0.9

378,536

8-Dec

-66.54%

-61.92%

Ivanhoe Mines

IVN:CN

CAD

21.78

-0.94

-4.14%

22.45

22.53

21.3

1,864,199

8-Dec

-5.30%

-8.72%

Ivanhoe Mines

IVN:US

USD

21.26

-1.26

-5.60%

22.19

22.22

20.85

5,070,022

8-Dec

-7.24%

-9.75%

Kincora Copper

KCC:CN

CAD

0.32

0

0.00%

0.32

0.32

0.32

13,233

8-Dec

18.52%

113.33%

Khan Resources

KRI:CN

CAD

0.235

-0.005

-2.08%

0.235

0.235

0.235

8,980

8-Dec

-51.04%

-41.98%

Lucky Strike

LKY:CN

CAD

0.37

0.02

5.71%

0.37

0.37

0.37

6,500

8-Dec

-74.48%

-70.40%

Lucky Strike

LKYSF:US

USD

0.3677

0

0.00%

0.3677

0.3677

0.3677

0

5-Dec

-74.08%

-69.42%

Meritus Minerals

MER:CN

CAD

0.035

0.005

16.67%

0.035

0.035

0.035

1,000

8-Dec

-82.50%

-78.13%

Manas Petroleum

MNAP:US

USD

0.17

0

0.00%

0.17

0.17

0.165

270,900

8-Dec

-71.67%

-69.03%

Mongolia Growth Grp

MNGGF:US

USD

4.0855

-0.2245

-5.21%

4.2987

4.2987

4.0575

34,500

8-Dec

Blue Wolf Mongolia

MNGL:US

USD

9.55

0

0.00%

9.51

9.55

9.51

0

5-Dec

 

 

Blue Wolf Mongolia

MNGLU:US

USD

10.28

0

0.00%

10.15

10.28

10.15

0

2-Dec

 

 

Manas Petroleum

MNP:CN

CAD

0.16

0

0.00%

0.16

0.16

0.16

0

10-Nov

 

 

Prophecy Coal

PCY:CN

CAD

0.49

0.03

6.52%

0.46

0.49

0.46

456,315

8-Dec

-43.33%

-42.17%

Prophecy Coal

PRPCF:US

USD

0.452

0.0069

1.55%

0.4525

0.4525

0.452

17,500

8-Dec

-48.75%

-47.20%

Puget Ventures

PVS:CN

CAD

0.49

0

0.00%

0

17-Sep

SouthGobi Resources

SGQ:CN

CAD

7.03

-0.03

-0.42%

7.06

7.17

6.88

97,841

8-Dec

-42.28%

-45.29%

Solomon Resources

SRB:CN

CAD

0.065

0

0.00%

0.065

0.065

0.065

250,166

8-Dec

-69.77%

-61.76%

Undur Tolgoi Minerals

UTM:CN

CAD

Mongolia Growth Grp

YAK:CN

CAD

4.15

-0.2

-4.60%

4.35

4.35

4.13

47,445

8-Dec

 

 

 

---

"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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