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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Ivanhoe Mines to Scrap Rights Plan as Rio Seeks Larger Stake
Jan. 19 (Bloomberg) -- Ivanhoe Mines Ltd. (IVN:CN, IVN:US) decided to scrap a so-called shareholder rights plan, clearing the way for Rio Tinto Group to increase its stake and gain control of the developer of the Oyu Tolgoi copper mine in Mongolia.
Ivanhoe will recommend investors vote to end the rights plan at its annual meeting on May 11, the Vancouver-based company said yesterday in a statement. Rio has been restricted to holding a 49 percent stake in Ivanhoe by a standstill agreement, which was set to expire yesterday, Ivanhoe said.
At stake is control of one of the world’s largest untapped copper and gold deposits that Rio estimates will cost about $6 billion to develop. The London-based company has advised Ivanhoe it intends to acquire more shares to raise its stake above 50 percent, regardless of the rights plan, Ivanhoe said.
“Rio’s first step would be to go past 50 percent and that’s the urgency,” said Prasad Patkar, who helps manage about $1 billion, including Rio shares, at Platypus Asset Management Ltd. in Sydney. “From a shareholders point of view, you’d prefer them not to go hostile so that there’s no risk of overpaying, so the creep aspect is clearly better.”
Shares in Rio, the world’s third-biggest mining company, rose 0.7 percent to A$67.06 as of 11:33 a.m. in Sydney trading today, poised for their highest close since Nov. 17. Ivanhoe rose 0.1 percent to C$19.31 in Toronto yesterday.
It’s unlikely that a third party will emerge as a rival bidder for Ivanhoe, Platypus’s Patkar said. Ivanhoe has a market value of C$14.3 billion ($14.1 billion).
Plan Trigger
“We welcome Ivanhoe’s decision to suspend immediately the shareholder rights plan,” Rio said yesterday in an e-mailed statement. “We are free to increase our shareholding as we see fit, without triggering the plan.”
Ivanhoe owns 66 percent of Oyu Tolgoi and the Mongolian government controls the remainder. The project will be one of the world’s five-biggest copper mines, according to Rio, which controls Oyu Tolgoi’s management.
“This is very good news in terms of Ivanhoe being taken over by Rio,”, a Toronto-based analyst at Salman Partners Inc., said in a telephone interview. “It makes it a lot easier for Rio or anyone else.”
Arbitration Ruling
An arbitrator ruled last month that Rio would be allowed to maintain its ownership level in Ivanhoe if Rio’s actions triggered the rights plan. Rio had said the plan contravened a 2006 agreement between the two companies.
The so-called poison pill would have allowed Ivanhoe to issue new shares to block an attempted takeover.
Ivanhoe’s board adopted its rights plan in April 2010 “to protect all shareholders, while allowing takeover bids that are made to all shareholders and that satisfy certain conditions,” the company said last month.
Founder and Chief Executive Officer Robert Friedland controls about 14 percent of Ivanhoe stock, according to data compiled by Bloomberg.
Ivanhoe also said yesterday its board approved a $1.8 billion bridge financing that could be used to complete the first phase of Oyu Tolgoi.
Ivanhoe and Rio are working toward arranging as much as $4 billion of financing for the project, according to the statement. Their plan is to complete the financing in the second quarter.
Oyu Tolgoi, which is 80 kilometers (50 miles) north of Mongolia’s border with China, contains an estimated 81 billion pounds of copper and 46 million ounces of gold, according to Ivanhoe’swebsite.
Construction is now more than 70 percent complete and initial production is expected in the middle of this year, Ivanhoe said yesterday.
Ivanhoe Mines Negotiates an Additional US$1.8 Billion Bridge Financing as Part of the Comprehensive Financing Plan for Oyu Tolgoi – Marketwire, January 18
Related:
Rio Tinto clear for Ivanhoe takeover – Financial Times, January 18
Rio Tinto positioned to take over Ivanhoe – Financial Post, January 18
Rio free to up Ivanhoe stake as shareholders' rights plan abandoned – Dow Jones, January 19
G.Zandanshatar: China to increase petroleum exports to Mongolia (and supply OT, TT with power)
January 19 (news.mn) Foreign Affairs and Trade Minister G.Zandanshatar spoke with our correspondent about his recent trip to China.
He said the official visit has deepened bilateral relations between the two nations and strengthened mutual trust. He said the two sides reached agreements on five issues, including enriching their strategic partnership in the economic sphere, strengthening mutual understanding between citizens of the two nations, strengthening political cooperation, and widening multilateral cooperation.
G.Zandanshatar said China also agreed to increase petroleum exports to Mongolia, to help stabilize gasoline prices, and to conclude a long-term contract to export oil to Mongolia. The two sides have also agreed to build an oil refinery in Mongolia and cooperate on oil exploration and imports. China has also agreed to supply power to the Tavantolgoi and Oyutolgoi projects until a power plant is constructed.
During the visit, the Mongolian side raised the possibility of building a gas pipeline from Russia to China through Mongolia.
Also, Chinese companies in Mongolia will be environmentally friendly and responsibly under an agreement.
ERD closed +19.48% to C$0.46
Erdene gets deeper high-grade gold in expanding epithermal system
Erdene Resource Development outlines new drilling results from its Altan Nar project in Mongolia suggesting higher gold grades at depth.
HALIFAX, NS, January 18 (MineWeb) - For Erdene Resource Development (TSX: ERD) more gold-polymetallic drill intercepts add to the intrigue of its Altan Nar project in Mongolia.
Erdene, intent on investigating an extensive gold-polymetallic anomaly at surface, reported on a handful of additional drillholes from Altan Nar on Wednesday.
Two drillholes stood out in particular. In one, drillhole 19, Erdene hit its broadest high-grade gold intercept yet, cutting 29 metres @ 4.3 g/t gold and 24.1 g/t silver, along with other base metals.
Drillhole 19 was targeted on mineralization about 50 metres below an earlier intercept that had returned 55 metres @ 1.02 g/t Au, including 8 metres @ 3.9 g/t Au fairly near surface. In hitting higher grades with drillhole 19, Erdene now hints at the prospect of an epithermal system with gold-silver grades kicking up at depth.
Ken MacDonald, Erdene chief financial officer and vice-president of business startegy, said drilling confirmed deeper and "increasing gold values" while showing that "the system could in fact be larger than earlier indicated or envisioned."
Adding to hints of a larger gold-bearing system, Erdene also hit a long gold-polymetallic intercept in drillhole 18 that was collared about 300 metres northeast of drillholes 9 and 19. Drillhole 18 returned 125 metres @ 0.35 g/t Au, 3.8 g/t Ag, 0.34 percent lead and 0.34 percent zinc in drillhole 18.
Importantly, the gold mineralization in drillhole 18 looks to be hosted by the same epithermal breccia that Erdene hit in drillholes 19 and 9 to the southwest.
"We think it's part of the exact same system," said Erdene geologist Peter Dalton, basing Erdene's hypothesis on geophysical exploration results, especially magnetics, which are reportedly fairly accurate at Altan Nar.
With the limited number of holes so far drilled on the property, however, Erdene has yet to test for breccia in the 300 metre gulf between, leaving open the question of gold-mineralized continuity therein. Likewise, there is also the question of whether grades continue - or pick up - below drillhole 18.
Dalton would not comment on whether drillholes collared near drillhole 18 had cut breccia based on visual inspection.
MacDonald said Erdene would start to make plans for more drilling once all drill results from an initial 20-hole program at Altan Nar had rolled-in.
Erdene Extends Epithermal Gold Mineralization at Altan Nar Intersects 29 metres of 4.3 g/t Gold and 24.1 g/t Silver – Marketwire, January 18
SGQ closed +6.15% to C$6.21, 1878 trading +4.3% at time of writing
SouthGobi Resources Sells More Than Four Million Tonnes of Coal in 2011, 58% More Than 2010
HONG KONG, CHINA--(Marketwire - Jan. 18, 2012) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) announces the successful completion of 2011 on guidance in terms of coal sales and production. The 2011 sales and production levels represent significant achievements for SouthGobi.
SouthGobi completed the fourth quarter of 2011 in-line with its guidance in terms of coal sales and production. The Company sold approximately 1.15 million tonnes of coal during the fourth quarter of 2011, resulting in full-year 2011 sales of 4.02 million tonnes against 2.54 million tonnes sold in 2010, an increase in sales of approximately 58%. Coal production for the fourth quarter of 2011 was approximately 1.34 million tonnes, resulting in full-year 2011 production of approximately 4.57 million tonnes against coal production of 2.79 million tonnes in 2010, showing growth for the year of approximately 64%.
MATD closed -0.72% to 34.5p
Petro Matad appoints Mark Zebrowitz as new COO
January 18 (Proactive Investors UK) Petro Matad (LON:MATD) has promoted drilling manager Mark Zebrowitz to the role of chief operating officer (COO) with immediate effect, it emerged today.
The firm's former COO, Rodney Graham, is leaving Petro Matad to resume his career in the mineral sector, but will still be based in Mongolia.
He will continue to provide consultancy services to the company - managing its oil shale prospects, the firm said.
Zebrowitz, who joined the company last year, is an experienced oil industry professional with more than 25 years' international experience.
Petro Matad's chief executive Douglas McGay said: "Mr Zebrowitz has proven himself a skilled oil industry professional and has integrated well into the company's team and Mongolia since his appointment as drilling manager a year ago.
"We are delighted that he has accepted the position of COO and he will provide stability to the ongoing management of the company."
Thanking Graham for his service, McGay said he had been instrumental in helping to build the firm's in-country operations team which was put together effectively from scratch.
OPP closed flat at 32.75p
GLG Partners LP Holds 9.35% in Origo Partners
January 18, Origo Partners PLC (OPP:LN) -- The Company yesterday received a notification that, as at 23 December 2011, GLG Partners LP holds 33,693,223 of the voting rights of the Company, representing 9.35% of the voting rights of the Company.
Centerra Gold hits 2011 target with 642,380 gold ounces
January 18 (MineWeb) Centerra Gold (TSX:CG) says it expects 2012 consolidated gold production to come in between 635,000 to 685,000 ounces.
Centerra Gold Tuesday forecast 2012 consolidated gold production ranging from 635,000 to 685,000 ounces, compared to 2011 consolidated gold production of 642,380 ounces including 583,156 ounces of gold from the Kumtor mine and 59,224 ounces from the Boroo mine.
Last year's gold production was within Centerra's 2011 guidance of 640,000 to 660,000 ounces.
Kumtor is expected to produce between 575,000 to 625,000 ounces of gold this year while gold production at Boroo is predicted to be 60,000 ounces. As much as 43% of Kumtor's gold production is expected to be mined in the fourth quarter.
"Our 2012 gold production guidance does not include any production from the heap leach facility at Boroo or the adjacent Gatsuurt project," said Centerra CEO Steve Lang. "The continued delays in receiving the final permits and approvals including the regulatory commissioning of the Gatsuurt project, pending the discussion of the Water and Forest Law amendment in the Mongolia Parliament, makes it difficult to predict the timing of the start of production."
"We continue to expand our exploration and business development efforts as we look for additional operating platforms in an effort to increase our future gold production and help us achieve our goal of producing 1.5 million ounces of gold annually," he added.
Centerra has planned exploration expenses of $45 million this year, up 13% from the $40 million planned expenditures of last year. The 2012 program will continue exploration work at the Kumtor mine with an increase in the exploration in the Kumtor district with planned expenditures of about $15 million. In Mongolia, $8 million will be allocated for exploration and work will continue along the Onon trend in Mongolia and to follow up on results on the Altan Tsagaan Ovoo project.
Drilling programs will also continue in Russia, Turkey and China this year.
Centerra's capital expenditures for this year are estimated to be $389 million, including $340 million of growth capital. "Significant capital investment is planned at Kumtor for 2012 in order to renew our mining fleet to enable us to maintain production levels and manage the pit walls in the central pit," said Lang.
Total community investments for 2012 are forecast at $26 million including $21 million for strategic community investment projects.
Centerra Gold Reports 2011 Gold Production of 642,380 Ounces and Provides 2012 Guidance – Marketwire, January 17
MUB last traded 30 December 2011 at 12.5c
MRC: Notice of AGM
January 18, Mongolian Resource Corporation Limited (ASX:MUB) --
BDI halted flat at 0.4c
Blina Minerals in pre open pending capital raising announcement
January 18 (Proactive Investors Australia) Blina Minerals (ASX: BDI) has been granted a trading halt by the ASX pending the release of details regarding a proposed capital raising, with the company's shares placed in pre-open.
Blina has not yet indicated where the potential capital injection will be allocated, but the company is currently in an interesting position after deciding not to pursue a Mongolian Copper Gold Project late last year following an independent expert’s review.
The company though did in 2011 highlight that opportunities in Mongolia and other regions will continue to be pursued.
The halt will last until the earlier of an announcement being made to the market, or the commencement of trade on Friday 20 January.
IE closed +2.78% to C$1.11
Ivanhoe Energy apologizes to PetroChina for announcing $160-million deal without approval
CALGARY, January 18 (The Canadian Press) - Ivanhoe Energy Inc. (TSX:IE) apologized publicly Wednesday for inadvertently upsetting PetroChina by announcing last week that it has agreed to sell its interest in a gas discovery in China to Royal Dutch Shell for US$160 million.
The Calgary-based company says the Chinese oil and gas giant has informed Ivanhoe Energy that it didn't receive PetroChina's approval before releasing the information to the media.
Ivanhoe said PetroChina, also known as China National Petroleum Corp. (CNPC), has a right under their production sharing contract to be consulted and give approval before announcements are made.
"Ivanhoe Energy has apologized to CNPC/PetroChina for this unintentional oversight and given CNPC/PetroChina assurances that all future communications and activities (including, but not limited to, any press release and discussion or negotiation with respect to the proposed transaction) in furtherance of the proposed transaction will strictly go through the terms and conditions of the PSC and CNPC/PetroChina's accepted procedures," the company said Wednesday.
The deal, which requires various approvals, was done by Ivanhoe Energy's subsidiary Sunwing Zitong Energy (SZE) and Shell China Exploration and Production Company Ltd. (Shell China).
Ivanhoe said in its Jan. 11 announcement it will use proceeds from the sale of its interest in the Zitong block gas discovery in China's Sichuan Basin to support its core heavy oil business. The sale was expected to close by the end of 2012.
Clarifications on Ivanhoe Energy's subsidiary to assign its participating interest in the Zitong gas Production Sharing Contract – PRNewswire, January 18
Mongolian Stock Exchange issues 2011 report
January 18 (news.mn) The Mongolian Stock Exchange (MSE) issued its 2011 report on Tuesday.
According to the report, MNT 236 billion in stock was traded on the MSE last year. The MSE also collected MNT 2 billion from selling government bonds.
The MSE has implemented a master service agreement with the London Stock Exchange to improve services and technology, and to train staff. In the framework of the agreement, the MSE is working to amend rules, implement new payment systems, and train staff in Ulaanbaatar and London.
MSE Director of International Relations Tomas Vertsinge noted that the capital market is being wholly changed, and banks will be soon involved in the new payment system.
HEAD OF NUCLEAR ENERGY AGENCY DISCHARGED
Ulaanbaatar, Mongolia, January 18 /MONTSAME/ In accordance with a cabinet decision, S.Enkhbat was discharged on Wednesday from the post of head of the Nuclear Energy Agency (NEA).
The cabinet members have criticized the NEA's head for neglecting the works and for bad implementation of the tasks related to the agency. For example, the cabinet members stated that S.Enkhbat did not perform a task of introducing one of his works to a cabinet meeting held on August 24, 2011. Moreover, the cabinet members claimed that he visited foreign countries several times without permission.
CABINET MEETING IN BRIEF (e.g. Budget, SOE transparency)
Ulaanbaatar, Mongolia, January 18 /MONTSAME/ On Wednesday, the cabinet decided to convey a matter to parliament on releasing stocks of up to MNT 300 billion with an aim to recover the state budget's lost and difficulties at the budget.
- The cabinet hoped that this step will contribute to the economic growth of Mongolia by augmenting investments and activating the stock market. In addition, it will give opportunities to perform the budgetary expenditures and financing on time, to set a basic interest at the financial market and to increase tools of financial market.
- The cabinet decided to approve a rule on ensuring a financial and budgetary transparency. It is related to only budgetary organizations and state-owned enterprises and these organizations shall make their information about budgets and financing transparent and introduce it to the public. An obligation has been given to related officers to convey the matter to the cabinet in near future.
- The cabinet got acquainted with a result of the Premier's participation in the 4th Bali Democracy Forum held on December 8-9, 2011 in Indonesia. This result will be submitted to the National Security Council (NSC).
- The Deputy Premier M.Enkhbold introduced to the cabinet a process of works by the government and a permanent council of preventing earthquake aftermaths and ensuring of readiness. In conjunction with it, the issue will be introduced to the NSC. According to M.Enkhbold, 15 works out of 27 ones have been completed and 12 works are being done.
MONGOLIA AND CHINA TEMPROARILY TO CLOSE ITS BORDERS
January 18 (InfoMongolia.com) One of the Chinese nationwide celebrated festivals is the Chinese Lunar New Year, which this year occurs on January 22-24, 2012. Regarding this event, every year China closes its auto road ports with its 3 border neighbors during the festival days.
However airway and railway ports will work on its regular schedules.
According to the agreement between the two countries, border ports are closed on the official celebration days.
As noted in the agreement, the People’s Republic of China closes its border ports on January 01, the first three days of the Chinese New Year (annually occurs on different days of the month), May 01-03, and October 01-03 annually.
Whereas Mongolia closes its border ports on January 01, the first two days of the Mongolian New Year (annually occurs on different days of the month, for 2012, February 22 and 23), March 08, June 01, July 11-12, and November 26 annually.
Officials discuss rare mineral development
January 18 (news.mn) The Ministry of Mineral Resources and Energy held a seminar on rare mineral development in the Government House on Tuesday.
Specialists from Mongolia, Germany, and Canada took part in the seminar. Deputy Speaker N.Enkhbold opened it with a speech, and the German ambassador to Mongolia, Peter Schaller, greeted the delegates.
Officials discussed the development of Mongolia’s rare mineral sector, and the issues raised by such development. The head of the National Security Council’s Information and Research Board, Ts.Davaadorj, read a paper on the topic, and delegates exchanged opinions on the current state of the sector and future trends. They agreed that the development of the sector considerably damages the environment even though it earns profits. That is why the specialists warned that development should be approached with care.
Standing Committee approves draft law on savings insurance
January 18 (news.mn) The Standing Committee on Economics approved a draft law on savings insurance on Tuesday.
Members said the draft would implement international standards to prevent a financial crisis and cut administrative costs. The draft covers three areas: lenders of last resort; financial supervision; and deposit insurance.
The first and second areas have been instituted in Mongolia but the third has not. Members said deposit insurance was important because it would reduce budget pressure, increase economic and financial stability, and reassure citizens.
There is a significant demand to implement a savings insurance program in Mongolia because the Government has already guaranteed bank deposits. That is why the draft law involves banks in the savings insurance program. A savings insurance fund would be established according to provisions in the draft law. The draft also lists the duties of banks, which would finance the fund through fees and taxes.
MINER & SUPPLIER FORUM TO RUN
Ulaanbaatar, Mongolia, January 18 /MONTSAME/ The Minerals and Mining Exchange will organize the "Miner&Supplier" forum on March 15-16 in Chingis Khaan hotel in the UB city.
Being organized for the second time, the forum will gather directors of mining enterprisers, supply managers, engineers and financial experts. They will discuss policy issues of supply for the mining sector. According to the forum's organizers, the event also aims to help the Mongolian supplier-companies to cooperate with each other and share experiences.
According to statistics, there are some 3,000 supply companies here, most of them are working with foreign investments.
Investment conference to be held in Ulaanbaatar
January 19 (news.mn) The “Investment 2012” conference will be held in the Children’s Palace on January 20 at the initiation of Mayor G.Munkhbayar.
Ulaanbaatar Administration’s Finance and Treasury Department, the Investment Office, the Ulaanbaatar Auto Road Office, and the Mayor’s Office are organizing the conference. The Deputy Mayor and Ulaanbaatar administration chiefs will read papers and report on their works.
Chief of the Land Relations, Construction and Geodesy Department B.Gantulga will read a paper on the theme “To Monitor and Guarantee Works;” Deputy Chief of the Ulaanbaatar Professional Inspecting Agency M.Nyam-Ochir on the theme “Requirements for Road Construction Work;” and Chief of the Finance and Treasury Department E.Gankhuu on the theme “Trends in Finance Budget Investment.”
Also, Deputy Mayor B.Baatarzorig will talk about public-private cooperation and discuss construction projects in Ulaanbaatar for 2012.
Consumer rights group fines petroleum importers
January 18 (news.mn) The Consumers Rights Protection Association says petroleum importers have increased gasoline prices unreasonably. The group says prices should have risen no more than MNT 100 to MNT 170 a liter, considering the tugrik’s rate against U.S. dollar.
Under the law on competition, the association says it has sent a note to petroleum importers fining them a total of MNT 10 billion. But there is no information about what fine amounts were delivered to which companies.
Director of M-Oil Group R.Batbayar told the newspaper Uls Turiin Toim that gasoline price increases could be understood in economic terms and should not be related to politics. He said petroleum prices depend on three factors: foreign market prices, foreign currency rates, and taxation. The last factor, the excise tax, has been canceled by the Government. He said that the gasoline price would increase along with a currency rate increase, and it would decrease along with a currency rate decrease.
R.Batbayar added that his company has not received a notice of fine yet.
Officials: No basis for gasoline price increase
January 18 (news.mn) Consumers Rights Protection Associations Union officials met with journalists on Tuesday and said they will send a note to the Government saying petroleum importers have increased gasoline prices without any reason.
Union Secretary General D.Chuluunbaatar and union officials Ts.Jigden and S.Enkhbat claim petroleum importers conspired to increase gas prices.
The note reads as follows:
1. The state commission or council that decides prices and tariffs should include representatives of consumers when discussing price issues;
2. A council to monitor unfair competition should be established under the Authority for Fair Competition and Consumers;
3. The Government should urgently increase petroleum imports.
The officials also said commercial banks that raise rates due to price increases should be made to lower them when prices go down. They said citizens have been hurt by rising prices.
D.Chuluunbaatar noted that the union could join demonstrations protesting rising prices if the Government refuses to accept the note.
MPs support pension increase
January 18 (news.mn) On Wednesday, at a meeting of the Standing Committee on Social Policy, Education, Culture and Science, members approved a draft law to increase pensions.
MPs supported allocating pension increases from the 2012 state budget to support the welfare of elderly people. The committee also discussed amendments to the law on the protection of disabled people. Then it will discuss a package of laws to support technological innovation that has been submitted by N.Ganbyamba.
Standing Committee approves tax exemption for farm equipment
January (news.mn) On Tuesday, the Standing Committee on Budget approved and sent to Parliament draft laws that would exempt agricultural equipment from value-added and customs taxes. The draft laws were submitted by the Government and a group of MPs headed by Deputy Speaker G.Batkhuu. The draft laws would exempt farm machinery, fertilizers, irrigation equipment, and other agricultural machinery and products from the taxes.
O.Chuluunbat, who headed a working group that worked on the draft laws, suggested they be ratified by the committee, but committee members decided to send them to the full Parliament instead.
Parliament approved a law that exempts many agricultural products from value-added and customs taxes in 2008 but the law was scheduled to expire on December 31, 2011. The draft laws would extend the tax breaks until December 31, 2016.
Sukhbaatar district to ban smoking in public places
January 18 (news.mn) The Sukhbaatar district’s Civil Representatives Assembly has issued a protocol to ban smoking in public places in the district, including Sukhbaatar Square.
The protocol says the district will be a smoke-free place, and businesses, restaurants, bars, clubs, and public toilets will be smoke-free. It orders no-smoking signs to be displayed in these places. The assembly says the protocol is part of an anti-smoking program. District administrators have been asked to write rules for implementing the protocol.
IFJ Condemns Assaults on News Crew in Mongolia
January 18, 2012 (International Federation of Journalists) The International Federation of Journalists (IFJ) joins its affiliate the Confederation of Mongolian Journalists (CMJ) in condemning the assault on a Khongor Television news crew in Bayankhongor Province in western Mongolia, on January 2.
Journalist T. Danaasuren and camera operator J. Tuvshintulga were assaulted while covering a series of incidents between small local mining entrepreneurs and guards from the Special Mines company, following complaints from local residents.
According to a report from Mongolian press freedom NGO Globe International, the television crew were approached by the company’s guards while entering Special Mines’ premises to investigate the dispute. The guards reportedly threatened to kill the news crew, and stuck their truncheons into the face of T. Danaasuren.
The guards then seized the crew’s camera and detained them in an unheated ger (traditional Mongolian dwelling) for two hours. The camera was destroyed during the scuffle between the camera operator and the guards. The guards also subsequently deleted all images from the camera.
“The IFJ joins the CMJ in calling on the law enforcement agencies of Bayankhongor Province to fully investigate these alleged assaults,” IFJ Asia-Pacific Director Jacqueline Park said.
“Intimidation and physical assaults are a clear violation of media rights. The press should be able to report freely on events in the public interest, without fear for their personal safety.”
Article 39 of Mongolia’s Criminal Code states: “Prevention of a journalist’s professional activities that are consistent with law with the view of dissemination or preventing dissemination of any information which affects the culprit’s or others’ interests shall be punishable”. Article 16 of the Mongolian Constitution also guarantees the right to seek and receive information.
The IFJ represents more than 600,000 journalists in 131 countries
Find the IFJ on Twitter: @ifjasiapacific
Find the IFJ on Facebook: www.facebook.com/IFJAsiaPacific
China, Mongolia celebrate new meteorological observation station
ULAN BATOR, Jan. 18 (Xinhua) -- A handover ceremony for a meteorological observation station donated to Mongolia by China was held here Wednesday.
The station built in Umnugobi province is part of a meteorological cooperation program between the China Meteorological Administration (CMA) and Mongolian National Authority of Meteorology and Environmental Monitoring.
Tseesodroltsoo, a Mongolian environmental official, said that bilateral scientific cooperation has yielded fruitful results in climate change, sand storm monitoring and forecasting.
"Mongolia is very grateful for China's donation," he said.
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 4,217.88 | 2.25 | 0.05% | 4,217.10 | 4,228.70 | 4,200.60 | 0 | 18-Jan | ||||
Nikkei 225 | 8,550.58 | 84.18 | 0.99% | 8,458.29 | 8,595.78 | 8,446.09 | 0 | 18-Jan | |||||
Hang Seng | 19,686.92 | 59.17 | 0.30% | 19,651.59 | 19,726.84 | 19,577.07 | 0 | 18-Jan | |||||
MSE Top 20 | 20,044.70 | -215.50 | -1.06% | 20,044.70 | 20,044.70 | 20,044.70 | 0 | 18-Jan | |||||
FTSE 100 | 5,702.37 | 8.42 | 0.15% | 5,693.95 | 5,709.87 | 5,647.92 | 790,243 | 18-Jan | |||||
TSX Composite | 12,327.52 | 94.69 | 0.77% | 12,209.70 | 12,346.74 | 12,218.98 | 255,761,885 | 18-Jan | |||||
S&P 500 | 1,308.04 | 14.37 | 1.11% | 1,293.65 | 1,308.11 | 1,290.99 | 0 | 18-Jan | |||||
ASX | Aspire Mining | AUD | 0.345 | -0.01 | -2.82% | 0.355 | 0.36 | 0.345 | 823,946 | 18-Jan | -6.76% | -56.88% | |
Blina Minerals | AUD | 0.004 | 0 | 0.00% | 0.004 | 0.004 | 0.004 | 8,837 | 18-Jan | -20.00% | -80.95% | ||
Cougar Energy | AUD | 0.015 | 0 | 0.00% | 0.015 | 0.015 | 0.015 | 338,800 | 18-Jan | -6.25% | -68.09% | ||
Draig Resources | AUD | 0.475 | -0.01 | -2.06% | 0.48 | 0.48 | 0.475 | 301,000 | 18-Jan | -47.22% | |||
FeOre | AUD | 0.275 | 0 | 0.00% | 0.275 | 0.275 | 0.275 | 0 | 11-Jan | -1.79% | |||
General Mining | AUD | 0.045 | 0 | 0.00% | 0.045 | 0.045 | 0.045 | 0 | 13-Jan | 9.76% | -64.00% | ||
Guildford Coal | AUD | 0.82 | 0.05 | 6.49% | 0.77 | 0.845 | 0.77 | 1,197,322 | 18-Jan | 9.33% | 16.31% | ||
Haranga Resources | AUD | 0.37 | 0.03 | 8.82% | 0.345 | 0.37 | 0.345 | 363,353 | 18-Jan | 29.82% | -44.78% | ||
Hunnu Coal | AUD | 0 | |||||||||||
Modun Resources | AUD | 0.041 | 0 | 0.00% | 0.041 | 0.041 | 0.041 | 396,917 | 18-Jan | -8.89% | 241.67% | ||
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 | -0.002 | -10.00% | 0.02 | 0.02 | 0.018 | 3,235,190 | 18-Jan | 28.57% | 111.77% | ||
Voyager Resources | AUD | 0.074 | -0.002 | -2.63% | 0.079 | 0.081 | 0.074 | 40,704,217 | 18-Jan | 8.82% | 52.08% | ||
Xanadu Mines | AUD | 0.335 | 0 | 0.00% | 0.335 | 0.335 | 0.335 | 23,000 | 18-Jan | -2.90% | -55.63% | ||
MSE A Board | Aduunchuluun | MNT | 4,850 | -150 | -3.00% | 5,200 | 5,200 | 4,850 | 1,511 | 18-Jan | -19.17% | -59.58% | |
APU | MNT | 3,901 | 1 | 0.03% | 3,900 | 3,950 | 3,900 | 1,873 | 18-Jan | -7.12% | 56.04% | ||
Atar Urguu | MNT | 37,700 | 0 | 0.00% | 37,500 | 37,700 | 37,500 | 0 | 16-Jan | ||||
Baganuur | MNT | 10,500 | -498 | -4.53% | 10,611 | 10,999 | 10,500 | 535 | 18-Jan | -19.85% | -3.67% | ||
Mogoin Gol | MNT | 32,000 | 0 | 0.00% | 32,499 | 32,499 | 32,000 | 39 | 18-Jan | 3.23% | 139.88% | ||
BDSec | MNT | 3,300 | -200 | -5.71% | 3,410 | 3,410 | 3,300 | 83 | 18-Jan | -5.71% | 24.53% | ||
Bayangol Hotel | MNT | 35,000 | -900 | -2.51% | 35,000 | 35,000 | 35,000 | 4 | 18-Jan | -2.64% | 46.44% | ||
Bayanteeg | MNT | 0 | |||||||||||
UB BUK | MNT | 0 | |||||||||||
Eermel | MNT | 3,070 | 0 | 0.00% | 3,050 | 3,070 | 3,000 | 264 | 18-Jan | 9.64% | 28.72% | ||
Gobi | MNT | 5,100 | 0 | 0.00% | 5,100 | 5,100 | 5,100 | 18 | 18-Jan | -0.97% | -10.53% | ||
Gutal | MNT | 4,980 | 0 | 0.00% | 4,980 | 4,980 | 4,980 | 0 | 17-Jan | ||||
Hi B Oil | MNT | 170 | 0 | 0.00% | 170 | 170 | 170 | 35 | 18-Jan | -10.53% | -2.86% | ||
Khukh Gan | MNT | 185 | 0 | 0.00% | 184 | 185 | 184 | 4,690 | 18-Jan | -7.50% | 5.71% | ||
Hermes Centre | MNT | 65 | -1 | -1.52% | 66 | 66 | 65 | 14,640 | 18-Jan | 16.07% | 20.37% | ||
Jenko Tour Bureau | MNT | 92 | 1 | 1.10% | 92 | 92 | 90 | 1,509,002 | 18-Jan | -2.13% | -2.13% | ||
Telecom Mongolia | MNT | 2,655 | 0 | 0.00% | 2,655 | 2,655 | 2,655 | 280 | 18-Jan | -1.67% | -29.20% | ||
Mongolia Dev Res | MNT | 949 | 0 | 0.00% | 950 | 950 | 949 | 0 | 13-Jan | -6.04% | -27.00% | ||
Moninjbar | MNT | 130 | 0 | 0.00% | 130 | 130 | 130 | 0 | 13-Jan | 0.00% | 18.18% | ||
Mongol Nekhmel | MNT | 4,000 | -100 | -2.44% | 4,000 | 4,100 | 4,000 | 296 | 18-Jan | 21.95% | 220.00% | ||
Hotel Mongolia | MNT | 800 | -50 | -5.88% | 800 | 800 | 800 | 5 | 18-Jan | -11.01% | 40.35% | ||
Darkhan Nekhii | MNT | 7,400 | -299 | -3.88% | 7,400 | 7,400 | 7,400 | 26 | 18-Jan | 19.35% | 60.87% | ||
Nak Tulsh | MNT | 180 | 0 | 0.00% | 180 | 180 | 180 | 10 | 18-Jan | 2.86% | -43.75% | ||
Olloo | MNT | 225 | -5 | -2.17% | 224 | 225 | 224 | 31,500 | 18-Jan | -5.86% | 50.00% | ||
Remikon | MNT | 172 | -1 | -0.58% | 170 | 172 | 166 | 13,192 | 18-Jan | -2.27% | 91.11% | ||
Sharyn Gol | MNT | 10,498 | 98 | 0.94% | 10,400 | 10,498 | 10,400 | 9 | 18-Jan | -7.51% | -8.71% | ||
Shivee Ovoo | MNT | 14,500 | -120 | -0.82% | 14,510 | 14,510 | 14,500 | 351 | 18-Jan | -5.23% | -3.33% | ||
Sor | MNT | 3,205 | -395 | -10.97% | 3,200 | 3,205 | 3,200 | 70 | 18-Jan | -16.10% | 182.38% | ||
Suu | MNT | 65,000 | 0 | 0.00% | 65,000 | 65,000 | 65,000 | 5 | 18-Jan | 0.00% | 169.71% | ||
Tav | MNT | 0 | |||||||||||
Talkh Chikher | MNT | 11,000 | 0 | 0.00% | 11,000 | 11,000 | 11,000 | 31 | 18-Jan | 4.76% | 155.81% | ||
Tavantolgoi | MNT | 10,000 | 0 | 0.00% | 10,000 | 10,000 | 10,000 | 1,404 | 18-Jan | -9.09% | 66.67% | ||
State Dept Store | MNT | 484 | 2 | 0.41% | 499 | 499 | 483 | 2,531 | 18-Jan | -16.55% | 11.78% | ||
Ulaanbaatar Hotel | MNT | 45,000 | 0 | 0.00% | 45,000 | 45,000 | 45,000 | 0 | 17-Jan | 0.00% | 63.64% | ||
Mongol Savkhi | MNT | 2,599 | 39 | 1.52% | 2,400 | 2,599 | 2,400 | 57 | 18-Jan | 0.46% | 371.69% | ||
Zoos Goyol | MNT | 825 | -1 | -0.12% | 830 | 830 | 825 | 178 | 18-Jan | -12.23% | -0.60% | ||
HKEx | Solartech Int’l | HKD | 0.179 | -0.001 | -0.56% | 0.178 | 0.18 | 0.175 | 2,199,500 | 18-Jan | 1.13% | -76.45% | |
Winsway | HKD | 2.09 | -0.03 | -1.42% | 2.11 | 2.15 | 2.08 | 7,766,000 | 18-Jan | -8.73% | -54.85% | ||
SouthGobi Resources | HKD | 45.8 | -1.35 | -2.86% | 46.5 | 46.5 | 45.2 | 125,700 | 18-Jan | 0.55% | -58.66% | ||
China Gold | HKD | 23.35 | -0.1 | -0.43% | 23.6 | 23.6 | 22.8 | 70,200 | 18-Jan | 28.30% | -41.11% | ||
CNNC Int’l | HKD | 2.4 | 0.08 | 3.45% | 2.35 | 2.47 | 2.34 | 3,284,000 | 18-Jan | 18.81% | -66.81% | ||
Real Gold Mining | HKD | 8.81 | 0 | 0.00% | 8.81 | 8.81 | 8.81 | 0 | 18-Jan | 0.00% | -31.12% | ||
Mongolia Energy | HKD | 0.68 | -0.02 | -2.86% | 0.7 | 0.71 | 0.67 | 7,027,000 | 18-Jan | -2.86% | -72.24% | ||
Zijin Mining | HKD | 3.37 | -0.06 | -1.75% | 3.46 | 3.46 | 3.25 | 66,300,937 | 18-Jan | 15.41% | -23.12% | ||
Mongolia Inv Group | HKD | 0.051 | 0.001 | 2.00% | 0.05 | 0.051 | 0.049 | 1,612,000 | 18-Jan | 10.87% | -58.87% | ||
North Asia Resources | HKD | 0.23 | 0 | 0.00% | 0.23 | 0.23 | 0.23 | 0 | 18-Jan | 3.60% | -76.53% | ||
China Daye Non-Fer. | HKD | 0.44 | 0.015 | 3.53% | 0.43 | 0.44 | 0.43 | 3,426,000 | 18-Jan | -4.35% | -25.42% | ||
Bestway Int’l | HKD | 0.052 | 0 | 0.00% | 0.052 | 0.052 | 0.052 | 0 | 18-Jan | -14.75% | -59.38% | ||
Asia Coal | HKD | 0.09 | 0 | 0.00% | 0.09 | 0.09 | 0.09 | 0 | 18-Jan | -14.29% | -64.00% | ||
Mongolian Mining | HKD | 6.19 | 0.19 | 3.17% | 6.01 | 6.48 | 6.01 | 8,084,390 | 18-Jan | 5.99% | -42.58% | ||
SGX | LionGold | SGD | 0.88 | 0 | 0.00% | 0.88 | 0.885 | 0.87 | 0 | 18-Jan | 1.15% | 25.71% | |
LSE | Central Asia Metals | GBp | 64.25 | 3.75 | 6.20% | 63 | 64.25 | 63 | 60,467 | 18-Jan | 12.97% | -28.21% | |
Petro Matad | GBp | 34.5 | -0.25 | -0.72% | 34.75 | 34.75 | 34.5 | 30,288 | 18-Jan | 39.39% | -70.76% | ||
Metal-Tech | GBp | 4.25 | 0 | 0.00% | 4.25 | 4.25 | 4.25 | 0 | 18-Jan | 13.33% | -69.64% | ||
Nova Resources | GBp | 8.25 | -0.25 | -2.94% | 8.5 | 8.5 | 8.25 | 464 | 18-Jan | 247.37% | |||
Origo Partners | GBp | 32.75 | 0 | 0.00% | 32.75 | 32.75 | 32.5 | 16,063 | 18-Jan | -6.43% | -22.94% | ||
Canada | Aberdeen Int’l | CAD | 0.62 | 0 | 0.00% | 0.61 | 0.62 | 0.61 | 61,025 | 18-Jan | -4.62% | -17.35% | |
Altan Rio Minerals | CAD | 0 | |||||||||||
Blue Zen Mem. Parks | CAD | 0.06 | -0.04 | -40.00% | 0.03 | 0.06 | 0.03 | 1,800 | 18-Jan | 20.00% | -94.78% | ||
Centerra Gold | CAD | 18.5 | 0.29 | 1.59% | 18.57 | 19 | 18.368 | 300,939 | 18-Jan | 2.78% | 5.21% | ||
China Gold | CAD | 3.06 | 0.05 | 1.66% | 2.91 | 3.15 | 2.91 | 78,912 | 18-Jan | 19.53% | -40.12% | ||
Desert Eagle Res | CAD | 0.27 | 0 | 0.00% | 0 | 5-Jan | -84.21% | ||||||
Denison Mines | CAD | 1.85 | 0.13 | 7.56% | 1.72 | 1.85 | 1.69 | 4,505,858 | 18-Jan | 45.67% | -47.29% | ||
East Asia Minerals | CAD | 0.53 | 0.02 | 3.92% | 0.52 | 0.53 | 0.51 | 6,460 | 18-Jan | 12.77% | -91.95% | ||
Erdene Resource | CAD | 0.46 | 0.075 | 19.48% | 0.38 | 0.46 | 0.37 | 242,350 | 18-Jan | 22.67% | -73.26% | ||
Entree Gold | CAD | 1.32 | 0.08 | 6.45% | 1.26 | 1.32 | 1.259 | 14,000 | 18-Jan | 6.45% | -54.01% | ||
Fortress Minerals | CAD | 3.76 | 0 | 0.00% | 3.76 | 3.76 | 3.76 | 0 | 17-Jan | -8.29% | -24.80% | ||
Gulfside Minerals | CAD | 0.075 | -0.01 | -11.76% | 0.075 | 0.075 | 0.075 | 2,000 | 18-Jan | -11.76% | -16.67% | ||
Ivanhoe Energy | CAD | 1.1 | 0.02 | 1.85% | 1.06 | 1.13 | 1.06 | 672,180 | 18-Jan | -1.79% | -66.97% | ||
Ivanhoe Mines | CAD | 19.31 | 0.02 | 0.10% | 19.2 | 19.41 | 18.48 | 2,019,950 | 18-Jan | 6.74% | -26.10% | ||
Kincora Copper | CAD | 0.28 | -0.01 | -3.45% | 0.29 | 0.29 | 0.28 | 10,500 | 18-Jan | -9.68% | 16.67% | ||
Khan Resources | CAD | 0.19 | -0.025 | -11.63% | 0.19 | 0.19 | 0.19 | 3,500 | 18-Jan | -5.00% | -61.22% | ||
Lucky Strike | CAD | 0.325 | -0.035 | -9.72% | 0.335 | 0.335 | 0.325 | 13,500 | 18-Jan | -8.45% | -72.92% | ||
Meritus Minerals | CAD | 0.045 | -0.005 | -10.00% | 0.045 | 0.05 | 0.045 | 172,000 | 18-Jan | 80.00% | -73.53% | ||
Manas Petroleum | CAD | 0.155 | 0.005 | 3.33% | 0.15 | 0.155 | 0.145 | 458,000 | 18-Jan | 6.90% | |||
Prophecy Coal | CAD | 0.46 | 0.005 | 1.10% | 0.455 | 0.475 | 0.445 | 1,390,265 | 18-Jan | 12.20% | -49.33% | ||
Puget Ventures | CAD | 0.49 | 0 | 0.00% | 0 | 17-Sep | |||||||
SouthGobi Resources | CAD | 6.21 | 0.36 | 6.15% | 5.9 | 6.25 | 5.9 | 88,981 | 18-Jan | 3.50% | -56.30% | ||
Solomon Resources | CAD | 0.08 | 0 | 0.00% | 0.085 | 0.085 | 0.08 | 6,560 | 18-Jan | 14.29% | -55.56% | ||
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 | 4.14 | 0.09 | 2.22% | 4.05 | 4.14 | 4.03 | 14,100 | 18-Jan | 6.15% | |||
US | Denison Mines | USD | 1.82 | 0.11 | 6.43% | 1.7 | 1.82 | 1.65 | 1,759,122 | 18-Jan | 45.60% | -48.70% | |
Entree Gold | USD | 1.31 | 0.09 | 7.38% | 1.25 | 1.31 | 1.23 | 33,700 | 18-Jan | 9.17% | -54.83% | ||
Ivanhoe Energy | USD | 1.12 | 0.06 | 5.66% | 1.05 | 1.12 | 1.05 | 1,090,684 | 18-Jan | 0.00% | -66.77% | ||
Ivanhoe Mines | USD | 19.05 | 0.07 | 0.37% | 18.98 | 19.16 | 18.18 | 4,187,467 | 18-Jan | 7.51% | -27.73% | ||
Manas Petroleum | USD | 0.148 | 0.008 | 5.71% | 0.14 | 0.15 | 0.139 | 2,706,964 | 18-Jan | 0.34% | -75.33% | ||
Mongolia Growth Grp | USD | 4.0115 | 0.018 | 0.45% | 4.0315 | 4.0325 | 3.985 | 3,900 | 18-Jan | 4.33% | |||
Blue Wolf MGL | USD | 9.67 | 0.14 | 1.47% | 9.67 | 9.67 | 9.67 | 100 | 18-Jan | 0.52% | |||
Blue Wolf MGL Unit | USD | 10.2 | 0 | 0.00% | 10.2 | 10.2 | 10.2 | 0 | 17-Jan | 1.49% |
---
"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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