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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UPDATE 1-Mongolia coal mine drops HK from IPO for now-sources
* Hong Kong listing could take place after IPO-sources
* Tavan Tolgoi IPO likely in May-Erdenes executive
HONG KONG, Jan 13 (Reuters) - Erdenes Tavan Tolgoi, the state-owned entity charged with developing the giant Tavan Tolgoi coal mine in Mongolia, has decided to drop for now Hong Kong as a venue for its up to $3 billion initial public offering, three sources with direct knowledge of the plans told Reuters on Friday.
The company will seek an IPO in London and in Mongolia's capital of Ulan Bator, added the sources who could not speak publicly on the matter. The London listing would take place through global depositary receipts because of the speedier approval process, two sources said.
Erdenes-TT executives and bankers working on the deal met in Mongolia in the past days to discuss the plans, which still take into consideration a Hong Kong listing after the IPO.
B. Enebish, executive director at state-run Erdenes MGL, told Reuters the IPO would likely take place in May. The offering, initially planned for late 2011 or early 2012, was pushed back because of a turmoil in global financial markets and delays in securing parliamentary approval for the deal.
"We still intend to list in Hong Kong," Enebish said by phone from Ulan Bator.
Hong Kong does not currently allow companies domiciled in Mongolia to list in the Asian IPO hub, though Erdenes-TT can seek exemptions to list in the Chinese city.
The Tavan Tolgoi coal deposit in Mongolia's south Gobi region has estimated reserves of 7.5 billion tonnes of coal, including the world's largest untapped deposit of coking coal used to make steel.
BNP Paribas, Deutsche Bank, Goldman Sachs and Macquarie were hired to handle the listing.
Announcement made before open. Closed +0.34% to HK$5.92 on Friday
MMC: Voluntary Announcement: Erdenes MGL/ER Expands Gashuun Sukhait Border Crossing to 1,200 Trucks a Day
January 16, Mongolian Mining Corporation Limited (HK:975) --
The board of directors (the "Board") of Mongolian Mining Corporation (the "Company") is pleased to announce that in December 2011, a consortium comprised of Erdenes MGL LLC, a state owned company ("Erdenes MGL") and Energy Resources LLC ("ER"), an indirect wholly-owned subsidiary of the Company has completed an expansion project of border crossing capacity ("Border Crossing Expansion") at Gashuun Sukhait border checkpoint ("GS") of Mongolia, for coal export transportation.
According to Government Resolution, Erdenes MGL leads the consortium, and Gobi Road LLC, an indirect wholly-owned subsidiary of the Company, managed the construction and project management of the Border Crossing Expansion at GS under the Consortium Agreement executed between Erdenes MGL and ER. The expansion project commenced in June 2011 and was fully completed and commissioned for operation on 12 January 2012.
The Border Crossing Expansion comprises the construction of 8 new lanes for cross border trucks transportation in addition to the existing 4 lanes, together with the construction and commissioning of support buildings, infrastructures and facilities for inspection and clearance process of customs, border control, immigration and professional inspection agencies. The Border Crossing Expansion also covered construction of new lanes and support infrastructures at "no-man" buffer zone between Mongolia and the People's Republic of China ("PRC") directly connecting existing lanes at Ganqimaodu ("GM") of the PRC to newly constructed lanes at GS of Mongolia.
Upon full operation, the total capacity of GS is estimated to handle 1,200 loaded trucks for the export to the PRC per day, which is approximately 3 times higher than the current capacity of GS.
The Border Crossing Expansion is expected to boost coal export volume and truck turnaround over the GS and GM borders, reduce transportation cost of the Company and its subsidiaries, and improve the environmental and safety conditions of cross border transport operation. Furthermore, as the port for Mongolian coal export, the Border Crossing Expansion at GS would bring significant benefit to the economy of Mongolia by increasing regional cross border trade cooperation between Mongolia and the PRC and in turn encourage export of key mineral commodities.
This announcement is a voluntary announcement made by the order of the Board which is not pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The directors of the Company individually and jointly accept responsibility for the accuracy of this announcement.
MER closed +12.5% to C$0.045
Meritus Announces TSX-Venture Approval of Non-Brokered Private Placement
Vancouver, B.C., January 13 (via Thenewswire.ca) -- Meritus Minerals Ltd. (MML) (TSX-V - MER) (the "Company") announces that the TSX-Venture Exchange has accepted for filing documentation with respect to the closing the first tranche of its non-brokered private placement previously announced on November 7, 2011. The Company will issue 4,100,000 units ("Units") at a price of $0.05 per Unit. Each Unit consists of one common share and one half share purchase warrant with each full warrant entitling the holder to acquire one additional common share at a price of $0.10 per share for a period of six months from closing and $0.15 for the following twelve months (the "Unit Warrants").
The Unit Warrants are subject to an acceleration clause whereby if, after the four month hold has expired, the Company's shares trade at or above $0.23 for a period of fifteen consecutive trading days, the Company will have the option to require the earlier exercise of these Unit Warrants.
There is a statutory hold period of 4 months plus 1 day, expiring May 13, 2012 on all shares and warrants issued pursuant to this private placement.
MSE (Mongolia) Liquidity Fund: December 2011 Update
The MSE (Mongolia) Liquidity Fund posted a return of 0.7% for the month of December 2011 (8.3% annualized), and 2.3% since inception of the fund (9.4% annualized) in October 2011. Foreseeing the short-term volatility in the markets, we have retained majority of the portfolio in the USD savings accounts and selectively invested into equities. While the equity portion of portfolio performed strongly in the local currency terms (up 8% for the month in MNT terms), the return was negatively impacted by a rapidly strengthening USD this month, resulting in the equities portfolio ending the month up 4.1% in USD terms.
We are continuing meeting with management teams and assessing opportunities with established businesses at discounted entry prices. We have made significant progress in due diligence of a mining related services company, where we have negotiated an entry price at sub 2x P/E with the company, in return for financial and marketing expertise the MSE Liquidity Fund would bring in as a shareholder. We expect the volatility in the lead up to the elections in June to create some distortions in the market, which may serve as terrific entry points, as we continue to identify opportunities through our on-the-ground presence.
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The MSE Liquidity Fund is an open-ended investment fund accessing the top companies on the Mongolian Stock Exchange and high interest savings deposit rates at the leading Mongolian commercial banks. The Fund is exposed to the Mongolian Tugrik. This is the first investment product for international investors to take direct advantage of these opportunities in one combined offering.
Cabinet Determines Petroleum Importers Coordinated the Price Jumps, Dismisses PAM & Fair Competition Agency Heads
January 15 (summarized from Cabinet press release) Special Cabinet Meeting on Friday, 13 January 2012 discussed results of the inspection to determine the reasons behind the price increases in gasoline and petroleum products and dismissed officials determined of irresponsibility, according to a cabinet press release.
The press release states PM Batbold, through working groups created directly under him, conducted inspections into the matter and managed to stop the price hikes. Fair Competition and Consumer Protection Agency also conducted inspections into certain petroleum product importers and revealed that they raised prices after having discussed it amongst themselves.
Petroleum importers NIC (Petrovis), Petrostar, Magnai Trade (MT), Sodmongol Group, Shunkhlai Group, Just Oil, Oin Birj, M-Oil and Petrojamp met at the Ministry of Mineral Resources and Energy on 6 January and agreed to raise AI-92 gasoline prices up to 1,850, diesel to 1,885, A-80 to 1,550. They then soon after changed the prices, except where NIC, Petrostar, Petrojamp, and Sodmongol Group raised prices a few days later to rates 30-35₮ lower than the rest.
Inspectors compared the average Mongol Bank currency rate in November to that of January 7 rate of 1,429₮, thus determining the price increases merited to have occurred due to the currency fluctuation, to be 93₮ for A-80, 113₮ for AI-93, and 118₮ for diesel. And based on Naiman Sharga exchange rate of 1,475₮ on the same day, price increases to have occurred to be 133₮ for A-80, 163₮ for AI-92, 170₮ for diesel.
Importers raising prices by 235-260₮ per liter was ruled significantly higher than what the exchange rate volatility warranted, according to the inspection results. The inspection team also concluded that the above importers did not fairly reflect the import price and currency changes in their prices, based on documents provided by the suppliers and there being normal levels of petroleum reserves. Importers have also not paid their suppliers on time under contractual duties. So far they have paid $7.5m or just 11.7% of their obligations.
Inspection team also stated: "Importers coordinating to raise prices can be viewed to have violated Competition Law's Article 11.11 prohibiting "coordination of price increases in products"". In addition, the Working Group created by the Minister of Mineral Resources and Energy's Resolution #144 of 2009 does not have the power to negotiate and set changes in petroleum product prices. Therefore, the Working Group's decision to raise prices can be viewed to have no legal authority, the results find.
As such, in accordance to the law, fines equal to a certain percentage of last year's sales is being discussed for the above companies, for being found in breach of certain clauses of the Law on Competition.
Dismissal of Agency Heads Held Accountable
During the special cabinet meeting, after having been acquainted with the Fair Completion and Consumer Protection Agency's inspection results, majority of the cabinet members determined that relevant agencies did not take timely actions to prevent the price hikes. In particular, it was improper conduct for the deputy head and officials of the Fair Competition and Consumer Protection Agency to walk out on the clearly illegal discussions taking place in the Working Group meeting headed by the Deputy Minister of Mineral Resources and Energy B. Ariunsan, where they should have pointed out and stopped a wrong decision from being made.
Accordingly, the cabinet meeting decided to dismiss the head of the Petroleum Authority D. Amarsaikhan and the head of the Fair Competition and Consumer Protection Agency D. Mandakh, as well the their deputies Ts. Amaraa and Ts. Dorjpalam. Swift organizational measures needed to ensure the smooth running of government has been vested with the First Deputy Prime Minister and the Minister of Mineral Resources and Energy.
Link to the Cabinet press release (in Mongolian)
Disclaimer: I do not ensure the accuracy of this translation, thus it should not be used for distribution.
Mongol Bank January 13 closing rate at 1,399.42 MNT/USD
The Bank of Mongolia Intervened in the Currency Markets
January 13 (InfoMongolia.com) The Bank of Mongolia made an intervention to try to stabilize the exchange rate with the commercial bank by selling 11.8 million USD on January 13, 2012.
Commercial bank submitted proposals to sell 20 million USD, however the Bank of Mongolia did not make any purchases. Instead, the Bank of Mongolia accepted offers to buy 22.8 million USD, with the lowest rate of 1,355 MNT and the highest at 1,398 MNT, and has sold 11.8 million USD at the closing rate of 1,387 MNT.
(China, Mongolia) FOREIGN MINISTERS HOLD OFFICIALS TALKS (e.g. stable oil supply, refinery)
Ulaanbaatar, Mongolia, January 13 /MONTSAME/ Official talks ran on Thursday between the Ministers of Foreign Affairs of Mongolia and China.
The sides discussed issues of deepening the Mongolia-China strategic partnership relations, developing the cooperation in the fields of politics, economics, education, culture, science, health, defense, security, mining and environment, and shared views on an exchange program of youths, implementation of projects and programs on health services, diagnosis, and on a development of the collaboration between the media organizations.
G.Zandanshatar hoped that China's side will ratify soon a prisoner transfer agreement established last year.
The sides noted that working groups of the countries need to more actively work on establishing of a contract on stable and long-term supply of oil products and erecting an oil refinery in Mongolia, in respect of a memorandum on expanding the cooperation in the oil sector.
Mr. Yang Jiechi expressed his readiness to figure out these matters in positive ways and to implement programs and projects within assistance and aid from the Chinese government.
Then the Ministers exchanged views on regional and international issues of mutual interest.
MPP Managing Council discusses ministers' nomination
January 13 (news.mn) Relating to DP member ministers' resignation request, the MPP Managing Council discussed ministerial vacancies issue in the evening of Thursday.
The council members have not decided the ministers' appointment, informed sources. They decided to meet in every day till the government formation. The council exchanged opinions on ministers' candidates.
MP J.Enkhbayar would be nominated to defense minister, Finance Deputy Minister Ch.Gankhuyag to finance minister, MP Ts.Tsengel to road, transportation and urban development minister, R.Bud to health minister. But the meeting has not decided the issue yet.
PRESIDENT GIVES TASKS TO PREMIER ON URGENT MATTERS
Ulaanbaatar, Mongolia, January 13 /MONTSAME/ On Friday, the State Head Ts.Elbegdorj received the Prime Minister S.Batbold and shared views with him on present situation in Mongolia and proposed some ideas.
Firstly, the President considered that it is not necessary to appoint First and Vice Premiers when forming a new cabinet. "I think this would be a good solution to save the budget money," he stressed.
The President underlined as well that the cabinet members cannot be appointed from the State Great Khural, meaning a cabinet member must not be a parliamentarian. Then he hoped that he and the Premier will work together over the matters under a joint position.
"Irresponsible state servants cannot be appointed to the significant positions, so it is vitally important to investigate or to study those seeking the highest posts," the President said.
The Mongolian are suffering from the fuels and some consumer goods' price boost, "in this the guilty are the state servants and the cabinet," he said. "We already discussed last year these problems and ways to tackle them. I think it is high time concrete decisions were made," he added.
The President said that in future, the Premier must be informed about a situation and then only any talks on price rise may arise.
The Prime Minister promised to study and realize the proposals given by the State Head.
Mongolian president proposes excluding portfolio of first deputy PM in new cabinet
ULAN BATOR, Jan. 13 (Xinhua) -- Mongolian President Tsakhia Elbegdorj proposed on Friday that the portfolio of first deputy prime minister be excluded from the new cabinet, whose members he said should not be concurrently members of parliament.
Elbegdorj made the proposal during a meeting with Prime Minister Sukhbaatar Batbold on the current affairs in Mongolia.
"One person working in government and the parliament and taking up executive work and legislation work at the same time is not appropriate," the president said.
The president also said that vice ministers are not necessary in the new cabinet.
Last Wednesday, the National Consultative Committee, the ruling body of the Mongolian Democratic party, endorsed the decision of the party leadership to withdraw from the coalition government. The move vacates positions of six ministers and six vice ministers.
During Friday's meeting, the two leaders also touched on the issue of recent price increases in fuel, which had caused a rise in the prices of meat and other products.
Zoos Bank matter transferred to court
January 14 (news.mn) Ulaanbaatar Prosecutors' Office has transferred former Zoos Bank matter to Chingeltei district court on Tuesday.
The Economic Crime Investigation Department under the State Investigation Office has investigated former President of Zoos Bank Sh.Chudanjii, Chief of Representative Managing Council D.Batbayar and the Chief of the Treasury Office at the Ministry of Finance, Kh.Purevsuren, with misappropriation of bank funds and with violating laws.
Investigation has concluded that bank total capital is MNT187 billion, total debt is MNT195.3 billion and bad loan was 33.4 percent of total loan of former bank.
Hearings of primary court some employees of former Zoos Bank branches who have been convicted to embezzling bank capital, committing counterfeit documents have been held in November of 2011 but cases have been transferred to additional investigation.
Mogi: there were conflicting numbers on the GDP growth, so I derived 28.7% from the full report, link below
Social and economic situation of Mongolia (As of the preliminary result of 2011)
January 13 (NSO) --
I. Social indicators
In 2011, 70328 mothers delivered 70576 children (live births) increased by 4668 mothers or 7.1 percent, and 4687 children or 7.1 percent, compared to the previous year.
In 2011, at national level infant mortality decreased by 123 or 9.6 percent to 1152, and child mortality aged 1-5 decreased by 89 or 25.6 percent to 258 compared to the previous year.
The number of unemployed reached 57.2 thousand at the end of 2011, reflecting an increase of 18.9 thous.persons or 49.5 percent compared to the previous year.
As of the beginning of 2011/2012 academic year, number of students and pupils in all levels of educational institutions reached 890.6 thous.persons, increased by 40.1 thous.persons or 4.7 percent compared to the previous year.
In the 2010/2011 academic year, 133.7 thous.students and pupils graduated all levels of educational institutions, of which 86.7 thous.pupils graduated general education schools (51.9 thous.pupils 9th grade, 33.1 thous.pupils 11th grade), 11.2 thous.students graduated technical and vocational schools, 35.8 thous.students graduated universities, higher educational institutions and colleges...
In 2011, 653.5 thous.persons were registered as insurer, of which 429.0 thousand or 65.6 percent were those from the establishments, and 224.5 thousand or 34.4 percent from the government budgetary organization. Compared to the previous year, the number of insurers increased by 77.6 thousand or 13.5 percent, of which the increased by 72.3 thousand or 20.3 percent from establishments, and increased by 5.3 thousand or 2.4 percent from government budgetary organization.
In 2011, social welfare pensions and benefits allocated to 56.8 thous.persons, showing an increase of 141 persons or 0.2 percent, total amount of the allocated fund increased by 7.5 bln.tog or 26.8 percent compared to the previous year.
In 2011, 733.1 bln.tog were distributed to 2.8 mln.persons (double counting) from the Human development fund.
In 2011, the number of infectious disease cases was 42.8 thous.persons, increase by 1466 cases or 3.5 percent compared the previous year. The increase in the number of infectious disease cases was mainly due to the increases of 5573 persons or 61.2 percent in viral hepatitis, 1829 persons or 2.4 times in varicella, 492 persons or 93.4 percent in mumps, 331 persons or 8.4 percent in syphilis, although there was a decrease of 1543 persons or 59.7 percent in Enterovirus-71, 2221 persons or 49.8 percent in mycoses, 1331 persons or 38.6 percent in shigellosis, 623 persons or 13.5 percent in trichomoniasis, 582 persons or 10.1 percent in gonococcal infection, and 228 persons or 5.4 percent in tuberculosis.
At national level, 19197 crimes were registered in 2011, reflecting a decrease of 628 crimes or 3.2 percent compared to the previous year. The decrease in the number of crimes was mainly due to the decreases in crime against the right of ownership (712), crime against human life and health (or physical well-being) (351), crime against population health (67) and crime against economic entity (43) although there were increases in crime against the rules of safety of traffic and use of motor vehicles (231), crime against social security (189), crime against administrative rules (52), crime against environmental protection rules and crime against judicial procedure (39) and crime against children, family and social morality (24) compared to the previous year.
In 2011, occurred crimes caused 8100 injuries and 922 deaths. The number of injuries up by 614 persons or 8.2 percent and the number of deaths down by 269 persons or 22.6 percent compared to the previous year.
II. Macroeconomic indicators
The preliminary estimates of GDP by production approach reached 10829.7 bln. tog at current price, 4881.4 bln.tog at 2005 constant price in 2011, up by 27.8 percent at current price and 17.3 percent at constant price compared to the previous year.
The real increase in GDP for 2011 was mainly due to the 42.5 percent increase in wholesale and retail trade; repair of motor vehicles and motorcycles, 16.0 percent increase in manufacturing sector, 14.3 percent increase in construction and 8.7 percent increase in mining and quarrying sector, respectively.
According to preliminary estimates of 2011 GDP was 10899.9 bln.tog at current prices and 4906.5 bln.tog at constant prices of 2005 by expenditure approaches. It was increased by 2440.3 bln.tog or 28.8 percent percent at current prices and 723.5 bln.tog or 17.3 percent at constant prices compared to the previous year. In 2011 GDP this growth was achieved mainly by increase of gross capital formation.
The national consumer price index in December, 2011 increased by 2.0 percent compared to the previous month, and 10.2 percent compared to the same period of the previous year. Annual average inflation rate was 9.2 percent. The increase in national index compared to the previous month was mainly due to 3.8 percent increase in food and non-alcoholic beverages.
According to the report of the Bank of Mongolia, money supply (broad money or M2) at the end of 2011, reached to 6427.2 bln.tog, reflecting an increase of 304.0 bln. tog or 5.0 percent compared to the previous month, and by 1747.2 bln.tog or 37.3 percent compared to the previous year.
At the end of 2011, currency issued in circulation reached 713.4 bln.tog, increased by 34.4 bln.tog or 5.1 percent compared to the previous month, and increased by 193.7 bln.tog or 37.3 percent compared to the previous year.
Loans outstanding at the end 2011, amounted to 5641.1 bln.tog, up by 202.4 bln. tog or 3.7 percent compared to the previous month, and by 2376.4 bln.tog or 72.8 percent compared to the previous year.
Principals in arrears at the end of 2011 reached 73.7 bln.tog reflecting increases of 2.2 bln.tog or 3.1 percent compared to the previous month, decreases 16.9 bln.tog or 18.7 percent compared to the previous year.
At the end of 2011, the non-performing loans over the bank system reached 330.0 bln.tog, showing decreases of 13.2 bln.tog or 3.8 percent compared to the previous month, and of 44.4 bln.tog or 11.9 percent compared to the previous year.
In 2011, there were 252 trading days and 125.6 mln.shares valued at 350.2 bln. tog were traded. As of the preliminary result of 2011, total revenue and grants of the General Government Budget amounted to 4400.6 bln.tog, which of stabilization fund amounted to 241.0 bln.tog, total equilibrated revenue and grants amounted to 4159.6 and total expenditure and net lending amounted to 4792.0 bln.tog, representing deficit of 632.4 bln.tog in the equilibrated balance of General Government Budget.
As of the preliminary result of 2011, current revenue of the General Government Budget amounted of 4141.3 bln.tog and current expenditure reached 3234.4 bln.tog. Thus, the budget equilibrated current balance was in surplus of 906.9 bln.tog.
Compared to the previous year, tax revenue increased by 948.6 bln.tog or 35.3 percent. The increase was mainly due to the increases of 563.2 bln.tog or 65.1 percent in taxes on goods and services, 262.2 bln.tog or 84.7 percent in other taxes, 154.4 bln.tog or 39.5 percent in corporate income tax, 144.1 bln.tog or 74.5 percent in taxes on foreign trade, 119.1 bln.tog or 36.0 percent in social security contribution, 69.7 bln.tog or 43.3 percent in personal income tax, although there was decreases of 367.3 bln.tog or 86.8 percent in price increase tax of some products.
Compared to the previous year, non-tax revenue increased by 114.4 bln.tog or 29.3 percent. The increase was mainly due to the increases of 33.4 bln.tog or 60.5 percent in revenues from dividends, 22.1 bln.tog or 13.5 percent in revenues from budget entities, 21.4 bln.tog or 59.2 percent in revenues from interest and fines, 21.2 bln.tog or 38.7 percent in revenues from oil petroleum, 12.8 bln.tog or 26.8 percent in revenues from others and 3.5 bln.tog or 11.1 percent in revenues from navigation fee.
As of the preliminary result of 2011, total expenditure and net lending of the General Government Budget increased by 1711.3 bln.tog or 55.6 percent to 4792.0 bln. tog compared to the previous year. This was mainly due to increases of 621.4 bln.tog or 59.3 percent in subsidies and transfers, 476.1 bln.tog or 80.6 percent in capital expenditure, 361.8 bln.tog or 31.0 percent in expenditure of goods and services, 257.1 bln.tog or 2.1 times in lending minus repayments, although there was decreases of 5.0 bln.tog or 11.8 percent in interest payment.
As of the preliminary result of 2011, spending of 1067.2 bln.tog on capital expenditure was higher by 476.1 bln.tog or 80.6 percent compared to the previous year. The increase in capital expenditure was due to the increases of 454.1 bln.tog or 80.9 percent in capital expenditure of domestic sources and 22.0 bln.tog or 74.9 percent in foreign financed capital expenditure.
As of the preliminary result of 2011, Mongolia traded with 127 countries from all over the world and total external trade turnover reached 11307.2 mln.US dollars, of which exports made up 4780.4 mln.US dollars and imports made up 6526.9 mln.US dollars.
External trade balance showed a deficit of 291.6 mln.US dollars in 2010, increased by 39.3 mln.US dollars or 15.6 percent compared to the previous year.
As of the preliminary result of 2011, external trade balance showed a deficit of 1746.5 mln.US dollars, increased by 1455.0 mln. US dollars or 6.0 times, compared to the previous year.
Total external trade turnover increased by 5198.7 mln.US dollars compared to the previous year, of which imports up by 3326.8 mln.US dollars, and exports up by 1871.8 mln.US dollars.
Mineral products, textiles & textile articles live animals, natural or cultured stones, precious metal, jewelry, coins, raw & processed hides, skins, fur & articles, animal origin products thereof accounted for 98.5 percent of the total export value amount.
III. Economic sector indicators
At national level as of the end of 2011, 36.3 mln.livestock were counted, of which 2112.9 thous.horse, 2339.7 thous.cattle, 280.1 thous.camel, 15668.5 thous.sheeps and 15934.6 thous.goat.
The total number of livestock increased by 3.6 mln.heads or 11.0 percent compared to the previous year, of which horse by 192.6 thousand or 10.0 percent, cattle by 163.7 thousand or 7.5 percent, camel by 10.5 thousand or 3.9 percent, sheep by 1.2 mln or 8.2 percent, goat by 2.1 mln or 14.8 percent.
In 2011, 0.7 mln.heads of adult animals had lost, which equals to 2.0 percent of total livestock at beginning of the year.
In 2011, 446.1 thous.tons of cereals, 201.6 thous.tons of potatoes, 99.0 thous.tons of vegetables were harvested and 1195.2 thous.tons of gross hay harvest, 46.7 thous. tons of handmade fodder were produced. Cereals harvest increased by 91.0 thous.tons or 25.6 percent, while potatoes increased by 33.7 thous.tons or 20.1 percent, vegetables by 16.7 thous.tons or 20.3 percent, gross hay harvest by 58.0 thous.tons or 5.1 percent, handmade fodder by 14.0 thous.tons or 42.8 percent compared to previous year.
In 2011, the total industrial output increased by 182.2 bln.tog or 9.7 percent to 2056.8 bln.tog (at 2005 constant prices) compared to the previous year. The increase in the industrial output was mainly due to 16.8-77.3 percent, increases in mining and quarrying products such as crude oil, coal and iron ore and 0.8-86.5 percent increases in industrial main products of manufacturing sector such as bakery products, combed down, knitted goods, meat, bread, soft drinks, milk, cigarettes, alcohol, juice, beer, pure water and concrete mortar.
In 2011, a total of 450.7 bln.tog of construction and installation work were carried out at the national level, of which, 427.9 bln.tog or 94.9 percent of the work were executed by domestic entities, and 22.8 bln.tog or 5.1 percent by foreign entities. The 99.9 bln.tog or 28.5 percent increase of construction and installation work compared to the previous year was mainly due to the 101.4 bln.tog or 31.1 percent increase in works executed by domestic entities.
In 2011, 44.0 mln.tons freight and 296.2 mln.passengers (double counting) were carried by all types of transport, carried freight rose by 14.5 mln.tons or 49.5 percent, and carried passengers by 45.5 mln.persons or 18.2 percent.
According to the report of the Institute of Meteorology and Hydrology, maximum precipitation was registered in Tosontsengel soum (6.0 mm) of Zavkhan aimag in December, 2011. In the December of 2011, Khanbogd soum of Umnugovi aimag had the highest air temperature (-0.6°C), while Tosontsengel soum of Zavkhan aimag had the lowest air temperature (-43.1°C). Wind speed reached 16 m/sec in Tsetserleg soum of Arkhangai aimag.
Daily average concentration of nitrogen dioxide exceeded 31 times around the 13th micro district and the 32nd Toirog of Ulaanbaatar city, 27 times around the West crossroad, 18 times around the Offitseruudiin ordon and 16 times around the 1st micro district, daily average concentration of sulphur dioxide exceeded 31 times around the 13th micro district, the 32nd Toirog and Kharkhorin market, 20 times around the Offitseruudiin ordon, 19 times around the West crossroad, 16 times around the 1st micro district, particulate matter less than 10 micrograms exceeded 28 times around the 13th micro district, 26 times around the 32nd Toirog, 22 times around the West crossroad and 16 times around Kharkhorin market, particulate matter less than 2.5 micrograms exceeded 23 times around the West crossroad and 4 times around the 13th micro district, carbon dioxide exceeded 5 times around the 32nd Toirog from the maximum allowable concentration of air quality standard in December, 2011.
In 2011, 3548 disasters and accidents occurred. As a result, 213 people died, 165.5 thous.livestock and domestic animals had lost. By the types of disasters, 3063 fires on possessions, 161 forest and field fires, 93 river and lake accidents, 47 cases of domestic animal madness disease, 39 earthquakes more than 3.5 magnitude, 22 accidents related to artisanal mining and rock falls, 18 heavy rain and floods and 15 heavy storms occurred. In 2011, estimated damage caused by the disasters and accidents amounted to 9.6 bln.tog.
Link to NSO Monthly Statistical Bulletin, December 2011
2012 Index of Economic Freedom: Mongolia
When institutions protect the liberty of individuals, greater prosperity results for all.
January 11 (The Heritage Foundation) Economist Adam Smith formed this theory in his influential work, The Wealth of Nations, in 1776. In 2012, his theory is measured – and proven – in the Index of Economic Freedom, an annual guide published by The Wall Street Journal and The Heritage Foundation, Washington's No. 1 think tank.
For over a decade, The Wall Street Journal and The Heritage Foundation, Washington's preeminent think tank, have tracked the march of economic freedom around the world with the influential Index of Economic Freedom. Since 1995, the Index has brought Smith's theories about liberty, prosperity and economic freedom to life by creating 10 benchmarks that gauge the economic success of 184 countries around the world. With its user-friendly format, readers can see how 18th century theories on prosperity and economic freedom are realities in the 21st century.
The Index covers 10 freedoms – from property rights to entrepreneurship – in 184 countries.
Mongolia
Mongolia's economic freedom score is 61.5, making its economy the 81st freest in the 2012 Index. Its overall score is 2.0 points higher than last year, mainly reflecting increased scores in fiscal freedom and government spending. Mongolia is ranked 12th out of 41 countries in the Asia–Pacific region, and its overall score is above the regional average.
The Mongolian economy registered one of the 10 largest score improvements in the 2012 Index, regaining the status of "moderately free" economy. Renewed progress in advancing economic freedom has restored momentum for institutional reforms that are critical to ensuring long-term economic vitality. Economic reforms in recent years have supported economic expansion and reductions in poverty. Mongolia's developing entrepreneurial sector has benefited from increased access to financing following banking reforms. Competitive tax rates and an open trade regime are also promoting the emergence of a vibrant private sector.
Although Mongolia experienced no decline in any area covered by the Index, corruption and the weak rule of law remain drags on economic development. Accelerating judicial reforms, along with continued efforts to streamline public administration, will help to sustain economic growth and broaden the improvement of living standards.
BACKGROUND
Mongolia emerged from the shadow of the former USSR with the adoption of a multi-party system and a new constitution in 1990. Political tension between the Mongolian People's Party, which has a majority in parliament, and the Democratic Party, which holds the presidency, has been considerable since 2009 and heightens the potential for parliamentary deadlock. Mongolia is a primary conduit for trade between Russia and China. At $2.4 billion, trade with China constituted 47 percent of Mongolia's total trade in 2009. Livestock herding employs a majority of the population, but the services and industry sectors account for about 80 percent of GDP. Mining continues to attract the largest portion of foreign investment, contributing to strong economic growth.
RULE OF LAW
Property and contractual rights are recognized, but enforcement is weak. The judicial system remains inefficient and vulnerable to political interference. The government lacks the capacity to enforce intellectual property rights laws. Pervasive corruption continues to undermine the foundations of economic freedom and adds to the cost of conducting business. Anti-corruption measures are not enforced effectively.
LIMITED GOVERNMENT
The individual income tax rate is a flat 10 percent, and the top corporate tax rate is 25 percent. Other taxes include a value-added tax (VAT) and an excise tax, and the overall tax burden amounts to 20.6 percent of GDP. Government spending is equivalent to 35 percent of total domestic output. The budget balance has turned to a surplus after recording deficits over the past two years, and public debt stands at around 40 percent of GDP.
REGULATORY EFFICIENCY
The regulatory framework continues to evolve. The minimum capital requirement for launching a business and the cost of completing licensing requirements have been reduced. Employment regulations are relatively flexible, but the labor market lacks dynamism. Inflation has been volatile, although stability is improving. Most price controls and subsidies have been phased out, but the state influences prices through the public sector.
OPEN MARKETS
The trade weighted average tariff rate is 5.1 percent, and costly non-tariff barriers further constrain the freedom to trade. Foreign investment is officially welcome, but the legislative framework regarding investment is still developing in an effort to enhance efficiency. Despite the challenging global financial environment, the financial system has undergone rigorous modernization. The banking sector remains relatively well capitalized and stable.
Ulaanbaatar Urban Development Planning Office to build cycle way
January 13 (news.mn) Architect of Ulaanbaatar Urban Development Planning Office D.Khan-Uul informed that the office has prepared a project to build cycle way in the capital and it has researched construction conditions.
Road construction organizations, architects, some institutes, and private sector organizations have taken part in the project preparation work. Bicycle Federation supports cycle way construction.
Besides, research work has been done on Ulaanbaatar feature and climate conditions. 143 km cycle way and 99 kick stands would be built in the capital.
The office has submitted to allocate capital from 2012 state budget to Ulaanbaatar Administration Office that cycle way construction has needed MNT1 billion at a preliminary accounting. Bicycle demand is increasing among Ulaanbaatar residents and cycle way is needed to be built. As well related legislation should be passed. Also the office has introduced the project to Traffic Police Office.
Related: Ulaanbaatar's two wheeled commitment – UB Post, January 15
Making Coke Affordable in Ice-Cold Mongolia
Editor's note: GlobalAtlanta traveled to Mongolia last year. It is the next country to be featured in our series of Emerging Markets special reports.
January 13 (GlobalAtlanta) It's easy to take for granted that a cold Coca-Cola is just a cooler or vending machine away, no matter where you are in the world.
But in Mongolia, a sparsely populated nation with only 3 million people and very few factories, it's hard to overlook the logistics that make this possible.
Mongolia became a democracy in the early 1990s and is still ironing out its vision of capitalism.
Despite growing interest in its mineral wealth, the country remains relatively undeveloped. Only a handful of paved highways intersect in Ulaanbaatar, the capital city. A few rail spurs jut north through Russia or south toward China, lined with trains mostly carrying exported coal.
Mongolia's frigid weather does provide one advantage, said Basil Kleu, a Coca-Cola Greater China general manager visiting from Shanghai.
"You can deliver Coke colder off the back of a truck than out of a cooler," Mr. Kleu said.
In 2002, before Mongolia was gaining so much attention, Coke opened a local bottling plant. It was a bet expressing confidence in a country that was small but ascendant, exotic but bent on connecting with the world.
Of course, it didn't hurt that rival PepsiCo had yet to build a factory here, but the choice to bottle domestically instead of import was about costs. (Canned Coke is still imported from Hong Kong, for instance.) The central factor is making Coke affordable to the average person, even if he or she only brings home a few thousand dollars per year.
That has paid off in Mongolia, just as it has in China and elsewhere. When the Mongolia plant opened in nearly a decade ago, Mongolia's yearly Coke consumption was four eight-ounce servings per capita. As of 2008, that number had ballooned to nearly 70. Coke spent $22 million on a bigger plant east of Ulaanbaatar that opened Aug. 24, 2008.
GlobalAtlanta visited the plant last year to learn how Coke relies on its bottling partner for local business insight while introducing marketing techniques that have enabled it to sell in nearly every country in the world.
With nearly half the population under the age of 24, Mongolia is a young nation that is growing better-educated all the time.
Foreign-trained business leaders are returning to participate in its growth, and the Internet and television are opening the younger generation's eyes to Western lifestyles. But even as it grows more cosmopolitan, marketing strategies in Mongolia have to consider local tastes, said Zol Orshikh, Coke's country manager there.
"You can't cut-and-paste on Mongolia," he said.
GlobalAtlanta spoke with some young people who resented the characterization of their country as a land of herders. The bucolic Mongolia of the past still exists, they said, but they also felt that there should be more focus on its modernization.
They've got a point, said Mr. Kleu.
"Many people believe Mongolians are still riding horses. If you had seen (Ulaanbaatar) seven years ago when I came, you wouldn't believe the evolution," he said.
Today, the capital city is prone to traffic jams in the late afternoon. Construction cranes add to a skyline where a few gleaming buildings tower over run-down Soviet-style apartment blocks.
Coke's local bottling partner has had a front-seat to this development. MCS Group started as an energy consulting firm but has diversified into a variety of fields: cashmere, property, fashion, restaurants, and of course, beverages - including vodka.
Founded in 1993, just after the transition from socialism to democracy that coincided with the fall of the Soviet Union, MCS now employs more than 4,500 people and is one of the top three taxpayers in the country.
"They are an integral part of the Mongolian society now," Mr. Kleu said.
The partnership has allowed many Mongolian workers to receive training at the Coca-Cola University in Shanghai. Pepsi's bottling plant, operated through a partnership with GN Beverages, is providing similar benefits for the local workforce.
Getting there first has helped "entrench" Coke's brand, but the competition is good for the company and the country, said Mr. Kleu.
"It forces everyone to step up their game," he said.
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 4,195.89 | 14.89 | 0.36% | 4,190.70 | 4,203.60 | 4,185.30 | 0 | 13-Jan | ||||
Nikkei 225 | 8,500.02 | 114.43 | 1.36% | 8,471.10 | 8,509.76 | 8,458.68 | 0 | 13-Jan | |||||
Hang Seng | 19,204.42 | 109.04 | 0.57% | 19,232.21 | 19,232.21 | 19,073.18 | 0 | 13-Jan | |||||
MSE Top 20 | 20,080.00 | 113.60 | 0.57% | 20,080.00 | 20,080.00 | 20,080.00 | 0 | 13-Jan | |||||
FTSE 100 | 5,636.64 | -25.78 | -0.46% | 5,662.42 | 5,709.22 | 5,583.45 | 1,275,358 | 13-Jan | |||||
TSX Composite | 12,231.06 | -43.26 | -0.35% | 12,216.68 | 12,268.12 | 12,116.98 | 179,576,850 | 13-Jan | |||||
S&P 500 | 1,289.09 | -6.41 | -0.49% | 1,294.82 | 1,294.82 | 1,277.58 | 0 | 13-Jan | |||||
ASX | Aspire Mining | AUD | 0.36 | 0.015 | 4.35% | 0.345 | 0.36 | 0.345 | 568,631 | 13-Jan | -2.70% | -41.46% | |
Blina Minerals | AUD | 0.004 | 0 | 0.00% | 0.004 | 0.004 | 0.004 | 1,971,990 | 13-Jan | -20.00% | -76.47% | ||
Cougar Energy | AUD | 0.015 | 0 | 0.00% | 0.015 | 0.016 | 0.015 | 200,000 | 13-Jan | -6.25% | -68.75% | ||
Draig Resources | AUD | 0.47 | 0.01 | 2.17% | 0.465 | 0.475 | 0.465 | 360,712 | 13-Jan | -26.56% | |||
FeOre | AUD | 0.275 | 0 | 0.00% | 0.275 | 0.275 | 0.275 | 0 | 11-Jan | -1.79% | |||
General Mining | AUD | 0.045 | 0.001 | 2.27% | 0.045 | 0.045 | 0.045 | 20,000 | 13-Jan | 9.76% | -65.38% | ||
Guildford Coal | AUD | 0.78 | 0.04 | 5.41% | 0.74 | 0.78 | 0.74 | 310,513 | 13-Jan | 4.00% | -1.27% | ||
Haranga Resources | AUD | 0.345 | 0.02 | 6.15% | 0.33 | 0.345 | 0.33 | 357,824 | 13-Jan | 21.05% | -50.00% | ||
Hunnu Coal | AUD | 0 | |||||||||||
Modun Resources | AUD | 0.042 | -0.002 | -4.55% | 0.043 | 0.043 | 0.042 | 1,026,183 | 13-Jan | -6.67% | 281.82% | ||
Mongolian Res Corp | AUD | 0.125 | 0 | 0.00% | 0.125 | 0.125 | 0.125 | 0 | 30-Dec | 0.00% | -63.24% | ||
Robe Australia | AUD | 0.018 | 0 | 0.00% | 0.019 | 0.019 | 0.018 | 1,249,052 | 13-Jan | 28.57% | 111.77% | ||
Voyager Resources | AUD | 0.077 | -0.002 | -2.53% | 0.079 | 0.081 | 0.076 | 28,846,697 | 13-Jan | 13.24% | 49.11% | ||
Xanadu Mines | AUD | 0.335 | 0 | 0.00% | 0.335 | 0.335 | 0.335 | 37,079 | 13-Jan | -2.90% | -47.24% | ||
MSE A Board | Aduunchuluun | MNT | 5,998 | 398 | 7.11% | 5,998 | 5,998 | 5,611 | 78 | 13-Jan | -0.03% | -50.02% | |
APU | MNT | 3,900 | 0 | 0.00% | 3,801 | 3,900 | 3,800 | 2,718 | 13-Jan | -7.14% | 63.18% | ||
Atar Urguu | MNT | 37,499 | 0 | 0.00% | 37,499 | 37,499 | 37,499 | 186 | 13-Jan | ||||
Baganuur | MNT | 11,000 | 0 | 0.00% | 11,000 | 11,000 | 10,900 | 334 | 13-Jan | -16.03% | 0.02% | ||
Mogoin Gol | MNT | 32,000 | 1999 | 6.66% | 30,001 | 32,000 | 30,000 | 131 | 13-Jan | 3.23% | 175.86% | ||
BDSec | MNT | 3,500 | 0 | 0.00% | 3,500 | 3,500 | 3,500 | 5,745 | 13-Jan | 0.00% | 40.00% | ||
Bayangol Hotel | MNT | 35,400 | 2400 | 7.27% | 35,400 | 35,400 | 35,400 | 324 | 13-Jan | -1.53% | 49.37% | ||
Bayanteeg | MNT | 36,000 | 0 | 0.00% | 36,000 | 36,000 | 36,000 | 0 | 30-Dec | 0.00% | 323.53% | ||
UB BUK | MNT | 32,500 | 0 | 0.00% | 32,500 | 32,500 | 32,500 | 0 | 30-Dec | 0.00% | 437.19% | ||
Eermel | MNT | 3,150 | -350 | -10.00% | 3,440 | 3,440 | 3,150 | 957 | 13-Jan | 12.50% | 32.08% | ||
Gobi | MNT | 5,150 | 50 | 0.98% | 5,100 | 5,200 | 5,100 | 3,518 | 13-Jan | 0.00% | -6.36% | ||
Gutal | MNT | 4,600 | 267 | 6.16% | 4,333 | 4,600 | 4,333 | 55 | 13-Jan | 433.64% | |||
Hi B Oil | MNT | 175 | -5 | -2.78% | 175 | 175 | 175 | 10 | 13-Jan | -7.89% | 0.00% | ||
Khukh Gan | MNT | 184 | 1 | 0.55% | 184 | 185 | 184 | 6,179 | 13-Jan | -8.00% | -0.54% | ||
Hermes Centre | MNT | 67 | -1 | -1.47% | 67 | 68 | 67 | 212 | 13-Jan | 19.64% | 24.07% | ||
Jenko Tour Bureau | MNT | 93 | 0 | 0.00% | 93 | 93 | 92 | 97,084 | 13-Jan | -1.06% | 3.33% | ||
Telecom Mongolia | MNT | 2,655 | -45 | -1.67% | 2,700 | 2,701 | 2,655 | 3,387 | 13-Jan | -1.67% | -29.20% | ||
Mongolia Dev Res | MNT | 949 | -1 | -0.11% | 950 | 950 | 949 | 4,705 | 13-Jan | -6.04% | -27.00% | ||
Moninjbar | MNT | 130 | 0 | 0.00% | 130 | 130 | 130 | 60,000 | 13-Jan | 0.00% | 18.18% | ||
Mongol Nekhmel | MNT | 4,100 | 0 | 0.00% | 3,900 | 4,199 | 3,800 | 0 | 12-Jan | 25.00% | 232.25% | ||
Hotel Mongolia | MNT | 800 | 0 | 0.00% | 800 | 899 | 800 | 5,755 | 13-Jan | -11.01% | 40.35% | ||
Darkhan Nekhii | MNT | 8,080 | 80 | 1.00% | 8,000 | 8,500 | 8,000 | 365 | 13-Jan | 30.32% | 77.54% | ||
Nak Tulsh | MNT | 180 | 0 | 0.00% | 180 | 180 | 180 | 10 | 13-Jan | 2.86% | -43.75% | ||
Olloo | MNT | 235 | 0 | 0.00% | 230 | 235 | 230 | 0 | 12-Jan | -1.67% | 48.73% | ||
Remikon | MNT | 173 | -1 | -0.57% | 173 | 174 | 170 | 194,746 | 13-Jan | -1.70% | 130.67% | ||
Sharyn Gol | MNT | 10,800 | 299 | 2.85% | 10,501 | 10,800 | 10,500 | 689 | 13-Jan | -4.85% | -3.57% | ||
Shivee Ovoo | MNT | 15,000 | 1 | 0.01% | 15,000 | 15,000 | 15,000 | 110 | 13-Jan | -1.96% | 5.63% | ||
Sor | MNT | 3,950 | 0 | 0.00% | 3,950 | 3,950 | 3,950 | 5 | 13-Jan | 3.40% | 248.02% | ||
Suu | MNT | 65,000 | 0 | 0.00% | 65,000 | 65,000 | 65,000 | 0 | 11-Jan | 0.00% | 169.71% | ||
Tav | MNT | 0 | |||||||||||
Talkh Chikher | MNT | 11,000 | 500 | 4.76% | 10,800 | 11,000 | 10,800 | 1,130 | 13-Jan | 4.76% | 161.91% | ||
Tavantolgoi | MNT | 9,601 | 0 | 0.00% | 10,100 | 10,100 | 9,601 | 0 | 12-Jan | -12.72% | 57.50% | ||
State Dept Store | MNT | 518 | 13 | 2.57% | 505 | 518 | 490 | 16,641 | 13-Jan | -10.69% | 24.82% | ||
Ulaanbaatar Hotel | MNT | 44,600 | -400 | -0.89% | 44,600 | 44,600 | 44,600 | 59 | 13-Jan | -0.89% | 62.18% | ||
Mongol Savkhi | MNT | 2,615 | 0 | 0.00% | 2,651 | 2,651 | 2,615 | 0 | 12-Jan | 1.08% | 375.46% | ||
Zoos Goyol | MNT | 880 | -19 | -2.11% | 823 | 880 | 823 | 1,632 | 13-Jan | -6.38% | 6.02% | ||
HKEx | Solartech Int'l | HKD | 0.174 | 0.001 | 0.58% | 0.175 | 0.175 | 0.169 | 788,530 | 13-Jan | -1.69% | -79.29% | |
Winsway | HKD | 2.12 | -0.07 | -3.20% | 2.2 | 2.2 | 2.11 | 7,305,000 | 13-Jan | -7.42% | -52.93% | ||
SouthGobi Resources | HKD | 48.8 | 0.2 | 0.41% | 49 | 49.2 | 48.5 | 40,200 | 13-Jan | 7.14% | -56.81% | ||
China Gold | HKD | 22.35 | 0.1 | 0.45% | 22.6 | 22.9 | 22.25 | 78,600 | 13-Jan | 22.80% | -44.75% | ||
CNNC Int'l | HKD | 2.34 | 0 | 0.00% | 2.34 | 2.45 | 2.3 | 2,214,000 | 13-Jan | 15.84% | -65.74% | ||
Real Gold Mining | HKD | 8.81 | 0 | 0.00% | 8.81 | 8.81 | 8.81 | 0 | 13-Jan | 0.00% | -31.86% | ||
Mongolia Energy | HKD | 0.68 | 0.01 | 1.49% | 0.68 | 0.69 | 0.67 | 12,019,279 | 13-Jan | -2.86% | -72.36% | ||
Zijin Mining | HKD | 3.13 | 0 | 0.00% | 3.17 | 3.17 | 3.08 | 17,348,039 | 13-Jan | 7.19% | -29.64% | ||
Mongolia Inv Group | HKD | 0.05 | 0.003 | 6.38% | 0.048 | 0.05 | 0.047 | 2,914,000 | 13-Jan | 8.70% | -60.94% | ||
North Asia Resources | HKD | 0.217 | -0.013 | -5.65% | 0.23 | 0.23 | 0.211 | 230,000 | 13-Jan | -2.25% | -75.89% | ||
China Daye Non-Fer. | HKD | 0.45 | 0.02 | 4.65% | 0.425 | 0.45 | 0.425 | 6,056,000 | 13-Jan | -2.17% | -23.73% | ||
Bestway Int'l | HKD | 0.056 | 0.001 | 1.82% | 0.056 | 0.056 | 0.056 | 0 | 13-Jan | -8.20% | -58.52% | ||
Asia Coal | HKD | 0.095 | 0.005 | 5.56% | 0.085 | 0.1 | 0.085 | 160,000 | 13-Jan | -9.52% | -60.42% | ||
Mongolian Mining | HKD | 5.9 | 0.1 | 1.72% | 5.75 | 5.92 | 5.7 | 1,567,023 | 13-Jan | 1.03% | -42.04% | ||
SGX | LionGold | SGD | 0.875 | 0.005 | 0.57% | 0.875 | 0.88 | 0.875 | 10,896,000 | 13-Jan | 0.57% | 21.53% | |
LSE | Central Asia Metals | GBp | 57.75 | 0 | 0.00% | 57.75 | 57.75 | 57.75 | 36,333 | 13-Jan | 1.54% | -35.65% | |
Petro Matad | GBp | 33 | -0.25 | -0.75% | 33.25 | 33.25 | 33 | 57,630 | 13-Jan | 33.33% | -72.78% | ||
Metal-Tech | GBp | 4.25 | 0 | 0.00% | 4.25 | 4.25 | 4.25 | 0 | 13-Jan | 13.33% | -77.33% | ||
Nova Resources | GBp | 6.75 | 1.625 | 31.71% | 5.125 | 6.75 | 5.125 | 222,500 | 13-Jan | 184.21% | |||
Origo Partners | GBp | 34.25 | 0 | 0.00% | 34.25 | 34.25 | 33.75 | 78,437 | 13-Jan | -2.14% | -20.35% | ||
Canada | Aberdeen Int'l | CAD | 0.59 | 0.02 | 3.51% | 0.58 | 0.59 | 0.57 | 227,213 | 13-Jan | -9.23% | -17.04% | |
Altan Rio Minerals | CAD | 0 | |||||||||||
Blue Zen Mem. Parks | CAD | 0.05 | 0 | 0.00% | 0.05 | 0.05 | 0.05 | 4,200 | 13-Jan | 0.00% | -95.65% | ||
Centerra Gold | CAD | 18.47 | 0.01 | 0.05% | 18.01 | 18.66 | 17.69 | 229,441 | 13-Jan | 2.61% | 8.92% | ||
China Gold | CAD | 2.99 | -0.09 | -2.92% | 3.01 | 3.02 | 2.96 | 146,416 | 13-Jan | 16.80% | -39.96% | ||
Desert Eagle Res | CAD | 0.27 | 0 | 0.00% | 0 | 5-Jan | -86.36% | ||||||
Denison Mines | CAD | 1.61 | -0.02 | -1.23% | 1.61 | 1.64 | 1.53 | 2,061,137 | 13-Jan | 26.77% | -51.21% | ||
East Asia Minerals | CAD | 0.51 | 0.01 | 2.00% | 0.5 | 0.52 | 0.495 | 22,963 | 13-Jan | 8.51% | -91.84% | ||
Erdene Resource | CAD | 0.345 | -0.015 | -4.17% | 0.355 | 0.355 | 0.345 | 109,060 | 13-Jan | -8.00% | -77.74% | ||
Entree Gold | CAD | 1.2 | 0 | 0.00% | 1.23 | 1.23 | 1.2 | 27,070 | 13-Jan | -3.23% | -61.04% | ||
Fortress Minerals | CAD | 4.05 | 0 | 0.00% | 4.05 | 4.05 | 4.05 | 0 | 10-Jan | -1.22% | -19.00% | ||
Gulfside Minerals | CAD | 0.09 | -0.015 | -14.29% | 0.09 | 0.09 | 0.09 | 49,000 | 13-Jan | 5.88% | 0.00% | ||
Ivanhoe Energy | CAD | 1.08 | 0 | 0.00% | 1.07 | 1.11 | 1.05 | 531,496 | 13-Jan | -3.57% | -65.50% | ||
Ivanhoe Mines | CAD | 20.3 | 1.02 | 5.29% | 19.11 | 20.48 | 18.98 | 1,758,850 | 13-Jan | 12.22% | -20.77% | ||
Kincora Copper | CAD | 0.31 | 0.02 | 6.90% | 0.295 | 0.31 | 0.295 | 20,199 | 13-Jan | 0.00% | 58.97% | ||
Khan Resources | CAD | 0.19 | 0 | 0.00% | 0.19 | 0.19 | 0.185 | 104,798 | 13-Jan | -5.00% | -60.00% | ||
Lucky Strike | CAD | 0.33 | -0.035 | -9.59% | 0.33 | 0.33 | 0.33 | 9,000 | 13-Jan | -7.04% | -75.56% | ||
Meritus Minerals | CAD | 0.045 | 0.005 | 12.50% | 0.045 | 0.05 | 0.045 | 373,000 | 13-Jan | 80.00% | -71.88% | ||
Manas Petroleum | CAD | 0.14 | 0.01 | 7.69% | 0.145 | 0.145 | 0.14 | 48,100 | 13-Jan | -3.45% | |||
Prophecy Coal | CAD | 0.42 | -0.005 | -1.18% | 0.42 | 0.425 | 0.41 | 381,181 | 13-Jan | 2.44% | -50.93% | ||
Puget Ventures | CAD | 0.49 | 0 | 0.00% | 0 | 17-Sep | |||||||
SouthGobi Resources | CAD | 6.32 | -0.22 | -3.36% | 6.49 | 6.49 | 6.23 | 21,484 | 13-Jan | 5.33% | -55.74% | ||
Solomon Resources | CAD | 0.08 | 0.005 | 6.67% | 0.075 | 0.08 | 0.075 | 2,000 | 13-Jan | 14.29% | -56.76% | ||
Undur Tolgoi Minerals | CAD | 0.2 | 0 | 0.00% | 0.2 | 0.2 | 0.2 | 0 | 12-Jan | 0.00% | 3900.00% | ||
Mongolia Growth Grp | CAD | 4.04 | 0.01 | 0.25% | 4.04 | 4.04 | 4.04 | 3,042 | 13-Jan | 3.59% | |||
US | Denison Mines | USD | 1.57 | -0.01 | -0.63% | 1.57 | 1.6 | 1.5 | 1,122,699 | 13-Jan | 25.60% | -52.85% | |
Entree Gold | USD | 1.23 | 0.0301 | 2.51% | 1.19 | 1.23 | 1.17 | 59,364 | 13-Jan | 2.50% | -60.58% | ||
Ivanhoe Energy | USD | 1.08 | 0.03 | 2.86% | 1.05 | 1.08 | 1.02 | 951,341 | 13-Jan | -3.57% | -65.71% | ||
Ivanhoe Mines | USD | 19.84 | 0.94 | 4.97% | 18.67 | 20.02 | 18.52 | 5,521,775 | 13-Jan | 11.96% | -23.52% | ||
Manas Petroleum | USD | 0.138 | 0.003 | 2.22% | 0.139 | 0.14 | 0.131 | 432,510 | 13-Jan | -6.44% | -77.56% | ||
Mongolia Growth Grp | USD | 3.95 | -0.0105 | -0.27% | 3.9492 | 3.95 | 3.9492 | 2,200 | 13-Jan | 2.73% | |||
Blue Wolf MGL | USD | 9.63 | 0 | 0.00% | 9.55 | 9.63 | 9.55 | 0 | 12-Jan | 0.10% | |||
Blue Wolf MGL Unit | USD | 10.12 | 0 | 0.00% | 10.12 | 10.12 | 10.12 | 0 | 12-Jan | 0.70% |
---
"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.
Suite 1213 · Level 12 · 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 AFSLicense 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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