CPSI NewsWire brings you market updates on Mongolia, compiled by CPS International, a Mongolian marketing arm of CPS Securities, a Perth, WA based stockbroking and corporate advisory firm, specialising in capital raising for mining and junior stocks.
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See Mongolia related quotes at bottom of newsletter
MAC COMPANY TO ERECT LIQUID FUEL FACTORY
Ulaanbaatar, Mongolia, January 25 /MONTSAME/ A national producer of mining--the MAC Company has announced that it will construct a factory of liquid fuel.
According to the company's spokesman, this factory will have a capability of producing 400 thousand tons fuel a year and will be erected near the Aduunchuluun coal deposit in Bayantumen soum, Dornod aimag. For the project, two billion US dollars will be issued.
As calculated, a dependence of Mongolia on oil products import from abroad will reduce by 30-40 per cent when the factory is put into use. In addition, the annual production of the fuel, approaching a level of AI-92 fuel, will provide some 40 percent of the domestic needs, and a price of the fuel will be cheaper than the current market's price.
A report on the external trade by November 2011 says that the annual price of imported oil increased by 64.7 per cent from the year 2010. In view of this, the MAC company considers that their liquid fuel made of coal will be sold cheaper and stable price, for example, one ton of the fuel will stand at USD 900, meaning one liter is to be around 1,200 togrogs.
In terms of reserves, Mongolia has oil reserve for 35-40 years, natural gas--for 60-70 years, and coal--for 250 years, according to researches. For the time being, some 300 coal deposits have been discovered here, and they are able to provide the country with the reserve for 300-400 years.
Kazakhstan, Mongolia Increased Bullion Reserves in December, IMF Data Show
January 25 (Bloomberg) Kazakhstan and Mongolia added to their gold reserves in December as the precious metal advanced for an 11th consecutive year, according to the International Monetary Fund.
Kazakhstan’s bullion holdings rose 3.1 metric tons to 76.7 tons and Mongolia added 1.2 tons to take its assets to 3.5 tons, data on the IMF’s website showed. Ukraine increased gold reserves by 0.1 ton, Mexico cut them by 0.2 ton and Mauritius reduced them by 0.1 ton, the data show.
Central banks are expanding reserves for the first time in a generation as holdings in exchange-traded products are within 1.9 percent of an all-time high set last month. The banks may buy 600 tons this year, according to Goldman Sachs Group Inc. (GS) Global holdings of the metal advanced by 66.6 tons in November from a month earlier to 30,877 tons, the IMF data show. That’s equal to almost 11 years of world mine production.
“The trend of emerging countries’ official sector gold buying will continue this year, which will be a price-supportive factor going forward,” said Bayram Dincer, an analyst at LGT Management in Pfaeffikon, Switzerland. “The desire of central banks to diversify reserves with hard-currency gold is high and a long-term process.”
Gold for immediate delivery gained 10 percent last year and reached a record $1,921.15 an ounce in September. It traded at $1,660.93 by 10:19 a.m. in London today and is up 6 percent this month.
Gold accounts for about 13 percent of Kazakhstan’s total reserves, and 5.2 percent of Mongolia’s, according to the latest report from the London-based World Gold Council. The metal accounts for more than 70 percent of reserves of the U.S. and Germany, the biggest holders, the data show.
Rio gets control of Mongolian prize
January 26 (The Sydney Morning Herald) RIO TINTO is expected to sell a clutch of Australian and Asian assets now under its control after it clinched majority ownership of the Canadian explorer Ivanhoe Mines.
Rio's long-held desire to control the lucrative Oyu Tolgoi mine in Mongolia came to fruition early yesterday when a private purchase of 15.1 million Ivanhoe shares lifted Rio from 49 per cent to 51 per cent ownership of the company.
Ivanhoe Mines owns 66 per cent of Oyu Tolgoi, one of the world's most exciting copper and gold deposits, with a possible mine life of 100 years. The Mongolian government controls the rest.
While not a surprise, Rio's $C302 million ($284 million) purchase has cast doubt over the future of Ivanhoe's other assets, including a controlling 59 per cent stake in ASX-listed Ivanhoe Australia.
Ivanhoe also has a gold play in Kazakhstan, coal interests in Mongolia and exploration tenements in south-east Asia, but Rio is believed to have recently told the chief executive of Ivanhoe, Robert Friedland that its long-term interests do not extend beyond Oyu Tolgoi.
Mr Friedland declined to comment yesterday. Rio said it was too early to outline its plans for those other assets.
''We intend to conduct a strategic review of the company before making any decisions on our future intentions,'' a Rio spokeswoman said.
Consensus among Australian analysts pointed to Rio selling all but Oyu Tolgoi.
''I expect Rio only wants Oyu Tolgoi, so any deal they do would be for this asset with the other assets spun out to existing shareholders excluding Rio Tinto,'' said a CLSA analyst, Hayden Bairstow.
The chief executive of Ivanhoe Australia, Peter Reeve, said the company would adopt a ''business as usual'' approach despite the ructions under way at its Canadian parent.
The identity of the sellers - who at $C20 got a premium of close to 15 per cent above Ivanhoe's trading price on Canadian markets - remained a mystery yesterday, but Mr Friedland is not expected to be involved in the transaction.
Ivanhoe shares later fell by close to 4 per cent on Canadian markets after Rio said it had no immediate intention to buy further shares in the company.
Given Mr Friedland's frosty relationship with Rio Tinto, his future on the Ivanhoe board appears clouded.
Rio is entitled to nominate directors to the Ivanhoe board in proportion to its shareholding, but Rio has also pledged as recently as last July to maintain a majority of independent directors until January 2014.
Control of Ivanhoe further entrenches Rio's presence in Canada, where it also has interests in aluminium, diamonds and uranium, but Rio would not comment on speculation that a Canadian listing could soon accompany listings in Australia, London and New York.
Rio Tinto shares closed steady at $68.35 on Australian markets yesterday. Shares in Ivanhoe Australia were also unchanged at $1.90.
Mongolia to exploit 100 million tons of coal by 2017
January 26 (news.mn) Mongolia earned USD 2 billion from its coal sector in 2011, a 30 to 50 percent increase over previous years.
The Ministry of Mineral Resources and Energy plans to increase coal exploitation, and it projects the country will mine some 100 million tons of coal by 2017. The ministry plans to process 60 to 70 percent of the mined coal for domestic use and for export.
A coal processing plant in Ulaanbaatar will go on line later this year. It will supply as much as half the coal needed to produce the capital’s electricity. Also, the Government has concluded an agreement with foreign investors to build a new power plant in Ulaanbaatar.
IMF official: Mongol Bank not to blame for rising gas prices
January 25 (news.mn) Steven Barnett, the head of the Asia and the Pacific Department of the International Monetary Fund (IMF), recently answered our correspondent’s questions.
Q: Petroleum importers in Mongolia have increased gasoline prices from MNT 230 to MNT 300 since January 6, and they have explained that the increase relates to the tugrik’s rate falling against the U.S. dollar. Do you agree with the petroleum importers’ explanation?
A: IMF officials have not studied Mongolia’s petroleum market and I can not make any conclusions about the situation. But I want to emphasize that the international market price of petroleum is driven by the U.S. dollar, and the domestic market price in each country depends on the international market price and currency rates. There is a common principle that the domestic market price changes along with the world market price and currency rate fluctuation, while the price of petroleum should be correlated to its cost.
Q: Many business leaders and economists believe that Mongol Bank should take responsibility for the increase in the price of gasoline. What do you say about that?
A: I do not agree with them. The IMF has approved Mongol Bank’s implementation of a flexible rate structure and it will approve it in the future. The bank’s inflexible rate was a reason for the economic crisis in Mongolia in 2008. That is why the continuance of a flexible rate structure is important to prevent another crisis. Also, a flexible rate structure is important because increasing state spending could overheat the economy. This has raised inflation and imports have been drastically increased. These factors have directly influenced the tugrik’s rate. But Mongol Bank’s action is correct to form conditions to stabilize the tugrik’s rate along the principle of market supply and demand.
Q: Do you think Mongolia’s foreign currency reserve of USD 2 billion is enough?
A: The current reserve of foreign currency in Mongolia is sufficient to implement a flexible rate structure. I want to remind you that the inflexible rate was a reason for the economic crisis, and Mongol Bank intervened to protect the tugrik’s rate at that time. The foreign currency reserve was almost exhausted after the crisis was faced. So the main conclusion is that a flexible rate structure is important for preventing another crisis.
Q: What is main reason for the rise of the U.S. dollar in Mongolia?
A: Economists have had difficulty predicting currency rate changes over short periods of time or even over a year. It is difficult to explain what influences rate fluctuations. The tugrik’s falling rate could be due to many factors. For instance, the tugrik’s falling rate could be due to foreign factors, such as the world market avoiding risks. And the U.S. dollar rate was strengthened while the euro rate fell in 2011. A domestic factor could be economic stability weakening due to the Government’s budget policy.
Q: What policies and measures could strengthen the tugrik’s rate and lower consumer goods prices, in your opinion?
A: Mongol Bank should not attempt to strengthen the tugrik’s rate by force. A flexible rate structure is the right choice. The best way to control inflation is implementation of a responsible budget policy. The main factor in rising prices is the high budget expenditures in 2011 and 2012. Citizens’ complaints about the cost of living are legitimate, and those complaints should be directed to budget policy makers, but not to Mongol Bank.
Africa rising for institutional investors (ahead of Vietnam and Mongolia)
Institutional investors see Africa as the most attractive frontier market over the next decade, according to a survey by InvestAD and the Economist Intelligence Unit, citing its growing middle class as an even bigger draw than its natural resources.
January 25 (Dow Jones) Fifty one percent of the 158 institutional investors polled picked Africa as the single most exciting frontier market, when asked which two regions offered the biggest opportunity for investment, ahead of Asian frontier markets such as Vietnam and Mongolia.
The African economy has grown quickly in the past decade and now contains six of the 10 fastest- growing economies in the world between 2001 and 2010, according to the EIU. Foreign direct investment also rose five-fold over the same period, according to the United Nations, up from $9bn in 2000 to $55bn in 2010.
This is set to continue, according to the International Monetary Fund; Africa is forecast to grow by 4.9% between 2012 and 2016, compared with predicted global growth of 2.9%.
The institutional investors that responded to the survey said they did not at present have large allocations to the region. A total of 45% of respondents said they presently have less than 1% of their overall allocation invested in Africa, while nearly a quarter reported no investment in the region at all.
However, they expect that situation to change radically over the next five years. Ninety two percent of investors said they expected to have more than 2% of their portfolios allocated to African markets by 2016, while a third of respondents expected allocations greater than 5%.
Mohammed Al Hashemi, chief executive of Invest AD Asset Management, said the results of the survey should not be surprising: “Investors habitually look for above average returns. When you look at growth in developed markets, it is liable to be around 2%. In Asia, it should be about 4%, and in Africa, around 5%.”
Natural resources remain an important part of how institutional investors think about Africa but the most attractive aspect of investing in the country, according to the EIU survey, was the consumer power being exercised by its growing middle class. Thirty nine percent of respondents put that among the three most attractive aspects to investing in the region, making it the most heavily favoured from a list of 12, followed by Africa's strong economic growth rates, 35%, and high commodity prices, 34%.
The main bar to investment, however, remains the perception of corruption: 41% of respondents cited it among their three biggest concerns, followed by weak institutions, 40%, and relatively illiquid capital markets, 36%.
However, according to InvestAD, which has a several funds specialising in African investment, this is changing.
Hashemi said: “There have been major improvements on the ground, both at the corporate level and the government level. But there is no substitute for engaging with the companies you invest in. There is corruption out there, but you don’t have to invest in those companies – there are other opportunities”.
The interest from institutional investors was further good news for Africa as it tried to further develop its economy, Hashemi added: “Institutional capital is the right type of capital for Africa. When they put their money down, they are in for the long-term.”
German technology center opens in Mongolia
January 25 (news.mn) The German Society for International Cooperation opened a new German technology center in Ulaanbaatar on Tuesday.
Ch.Khashchuluun, the head of the National Development and Renovation Committee, and representatives of companies from Germany and Mongolia took part in the center’s opening ceremony.
Germany is a leader in technological development, not only in Europe but throughout the world, and the center will introduce Mongolians to German “know how.” The center will aim to connect Mongolian businesses with German clients, foster cooperation, and provide informational materials, such as videos and sample goods.
The German ambassador to Mongolia, Peter Schaller, said during the opening ceremony that relations and cooperation between Mongolia and Germany have great potential. He noted that about 10,000 Mongolian students have graduated from German institutes and universities. But he said the two nations have weak economic ties. He said the center will make it possible to strengthen those ties.
Misc
Local band Canasta heading to Mongolia as U.S. arts envoys
The band that told Chicago to slow down goes global next month. Six-piece collective Canasta packs its bags for Mongolia as part of the Bureau of Educational and Cultural Affairs’ Arts Envoy Program.
The Arts Envoy Program bridges gaps between various cultures around the world. American artists like Canasta hopscotch over continents so international audiences can hear what’s cooking across the pond.
This bridge doesn’t just come from live performances. The band will conduct seminars for music students where they discuss their craft and even get jiggy with the class.
Hopefully the day will come where we’ll be able to lock hand-in-hand with the world and whistle along to “Mexico City.”
Table: Mongolia Related Stocks (Source: Bloomberg)
Name | Symbol | $ | Price | Change | +-% | Open | High | Low | Volume | Time | % YTD | % 12 m | |
Indices | ASX 200 | 4,271.34 | 47.11 | 1.12% | 4,227.70 | 4,271.50 | 4,224.20 | 0 | 25-Jan | ||||
Nikkei 225 | 8,883.69 | 98.36 | 1.12% | 8,842.01 | 8,911.62 | 8,816.09 | 0 | 25-Jan | |||||
Hang Seng | 20,110.37 | 167.42 | 0.84% | 20,161.72 | 20,161.72 | 19,927.88 | 0 | 20-Jan | |||||
MSE Top 20 | 20,565.30 | 64.30 | 0.31% | 20,565.30 | 20,565.30 | 20,565.30 | 0 | 25-Jan | |||||
FTSE 100 | 5,723.00 | -28.90 | -0.50% | 5,751.90 | 5,777.69 | 5,694.05 | 801,996 | 25-Jan | |||||
TSX Composite | 12,539.21 | 143.97 | 1.16% | 12,375.00 | 12,539.63 | 12,326.80 | 294,337,216 | 25-Jan | |||||
S&P 500 | 1,326.06 | 11.41 | 0.87% | 1,314.40 | 1,328.30 | 1,307.65 | 0 | 25-Jan | |||||
ASX | Aspire Mining | AUD | 0.405 | 0.01 | 2.53% | 0.395 | 0.42 | 0.395 | 2,328,644 | 25-Jan | 9.46% | -36.72% | |
Blina Minerals | AUD | 0.005 | 0 | 0.00% | 0.005 | 0.005 | 0.005 | 0 | 24-Jan | 0.00% | -79.17% | ||
Cougar Energy | AUD | 0.014 | 0 | 0.00% | 0.014 | 0.014 | 0.014 | 292,778 | 25-Jan | -12.50% | -68.18% | ||
Draig Resources | AUD | 0.46 | -0.025 | -5.15% | 0.485 | 0.485 | 0.46 | 21,000 | 25-Jan | -50.00% | |||
FeOre | AUD | 0.26 | 0 | 0.00% | 0.26 | 0.26 | 0.26 | 0 | 20-Jan | -7.14% | |||
General Mining | AUD | 0.05 | 0 | 0.00% | 0.05 | 0.05 | 0.05 | 0 | 23-Jan | 21.95% | -66.67% | ||
Guildford Coal | AUD | 0.8 | -0.025 | -3.03% | 0.83 | 0.83 | 0.8 | 383,702 | 25-Jan | 6.67% | -2.44% | ||
Haranga Resources | AUD | 0.31 | -0.01 | -3.13% | 0.315 | 0.325 | 0.295 | 318,629 | 25-Jan | 8.77% | -50.00% | ||
Modun Resources | AUD | 0.041 | -0.002 | -4.65% | 0.041 | 0.041 | 0.041 | 153,000 | 25-Jan | -8.89% | 215.39% | ||
Mongolian Res Corp | AUD | 0.125 | 0.026 | 26.26% | 0.125 | 0.125 | 0.125 | 16,241 | 25-Jan | 0.00% | -73.40% | ||
Robe Australia | AUD | 0.017 | -0.001 | -5.56% | 0.016 | 0.017 | 0.016 | 253,400 | 25-Jan | 21.43% | 66.67% | ||
Voyager Resources | AUD | 0.073 | -0.002 | -2.67% | 0.074 | 0.075 | 0.073 | 3,461,717 | 25-Jan | 7.35% | 22.52% | ||
Xanadu Mines | AUD | 0.33 | -0.01 | -2.94% | 0.33 | 0.33 | 0.33 | 51,229 | 25-Jan | -4.35% | -49.62% | ||
MSE A Board | Aduunchuluun | MNT | 4,710 | 0 | 0.00% | 4,800 | 4,800 | 4,710 | 1,330 | 25-Jan | -21.50% | -69.61% | |
APU | MNT | 3,970 | 69 | 1.77% | 3,900 | 4,000 | 3,900 | 1,610 | 25-Jan | -5.48% | 20.30% | ||
Atar Urguu | MNT | 37,777 | 0 | 0.00% | 37,700 | 37,777 | 37,700 | 0 | 24-Jan | 64.25% | |||
Baganuur | MNT | 10,000 | -5 | -0.05% | 10,500 | 10,500 | 10,000 | 366 | 25-Jan | -23.66% | -16.67% | ||
Mogoin Gol | MNT | 28,000 | 0 | 0.00% | 28,000 | 28,000 | 28,000 | 40 | 25-Jan | -9.68% | 82.53% | ||
BDSec | MNT | 3,200 | -100 | -3.03% | 3,200 | 3,200 | 3,200 | 39 | 25-Jan | -8.57% | 19.40% | ||
Bayangol Hotel | MNT | 35,900 | -100 | -0.28% | 35,900 | 35,900 | 35,900 | 39 | 25-Jan | -0.14% | 49.58% | ||
Bayanteeg | MNT | 31,999 | 0 | 0.00% | 31,500 | 31,999 | 31,500 | 0 | 19-Jan | -11.11% | |||
UB BUK | MNT | 30,000 | 0 | 0.00% | 29,950 | 30,000 | 29,950 | 0 | 19-Jan | -7.69% | 331.34% | ||
Eermel | MNT | 2,700 | 0 | 0.00% | 2,700 | 2,700 | 2,700 | 186 | 25-Jan | -3.57% | 0.00% | ||
Gobi | MNT | 5,090 | 40 | 0.79% | 5,020 | 5,100 | 5,020 | 305 | 25-Jan | -1.17% | -16.56% | ||
Gutal | MNT | 3,860 | 0 | 0.00% | 3,860 | 3,860 | 3,860 | 0 | 24-Jan | 306.32% | |||
Hi B Oil | MNT | 165 | 0 | 0.00% | 165 | 165 | 165 | 0 | 24-Jan | -13.16% | -17.50% | ||
Khukh Gan | MNT | 185 | 2 | 1.09% | 185 | 185 | 185 | 2 | 25-Jan | -7.50% | 1.65% | ||
Hermes Centre | MNT | 68 | -1 | -1.45% | 68 | 68 | 68 | 29 | 25-Jan | 21.43% | -5.56% | ||
Jenko Tour Bureau | MNT | 93 | 1 | 1.09% | 92 | 93 | 92 | 3,556 | 25-Jan | -1.06% | -13.89% | ||
Telecom Mongolia | MNT | 2,505 | 0 | 0.00% | 2,600 | 2,600 | 2,505 | 0 | 24-Jan | -7.22% | -34.94% | ||
Mongolia Dev Res | MNT | 1,000 | 0 | 0.00% | 950 | 1,000 | 950 | 0 | 20-Jan | -0.99% | -24.24% | ||
Moninjbar | MNT | 130 | 0 | 0.00% | 130 | 130 | 130 | 0 | 13-Jan | 0.00% | 13.04% | ||
Mongol Nekhmel | MNT | 4,000 | 0 | 0.00% | 4,000 | 4,000 | 4,000 | 0 | 24-Jan | 21.95% | 220.00% | ||
Hotel Mongolia | MNT | 840 | 0 | 0.00% | 848 | 848 | 840 | 0 | 20-Jan | -6.56% | 44.83% | ||
Darkhan Nekhii | MNT | 6,500 | -300 | -4.41% | 6,501 | 6,502 | 6,500 | 144 | 25-Jan | 4.84% | 22.64% | ||
Nak Tulsh | MNT | 180 | 0 | 0.00% | 179 | 180 | 179 | 0 | 20-Jan | 2.86% | -42.86% | ||
Olloo | MNT | 200 | 3 | 1.52% | 198 | 200 | 198 | 66,360 | 25-Jan | -16.32% | 21.21% | ||
Remikon | MNT | 171 | 6 | 3.64% | 165 | 171 | 164 | 117,972 | 25-Jan | -2.84% | 55.45% | ||
Sharyn Gol | MNT | 10,000 | -100 | -0.99% | 10,000 | 10,000 | 10,000 | 16 | 25-Jan | -11.89% | -22.72% | ||
Shivee Ovoo | MNT | 14,001 | -999 | -6.66% | 15,000 | 15,250 | 14,000 | 156 | 25-Jan | -8.49% | -19.99% | ||
Sor | MNT | 3,200 | -100 | -3.03% | 3,205 | 3,205 | 3,200 | 125 | 25-Jan | -16.23% | 181.20% | ||
Suu | MNT | 66,500 | 3,500 | 5.56% | 66,000 | 66,500 | 66,000 | 100 | 25-Jan | 2.31% | |||
Tav | MNT | #DIV/0! | 0 | ||||||||||
Talkh Chikher | MNT | 11,000 | 0 | 0.00% | 11,000 | 11,000 | 11,000 | 540 | 25-Jan | 4.76% | 144.44% | ||
Tavantolgoi | MNT | 11,000 | 0 | 0.00% | 11,000 | 11,001 | 10,600 | 2,175 | 25-Jan | 0.00% | 66.67% | ||
State Dept Store | MNT | 480 | -4 | -0.83% | 482 | 499 | 480 | 8,530 | 25-Jan | -17.24% | 9.09% | ||
Ulaanbaatar Hotel | MNT | 48,000 | 0 | 0.00% | 48,000 | 48,000 | 48,000 | 0 | 20-Jan | 6.67% | 75.18% | ||
Mongol Savkhi | MNT | 2,000 | 0 | 0.00% | 2,001 | 2,001 | 2,000 | 336 | 25-Jan | -22.69% | 262.98% | ||
Zoos Goyol | MNT | 850 | 0 | 0.00% | 820 | 850 | 820 | 615 | 25-Jan | -9.57% | 4.81% | ||
HKEx | Solartech Int’l | HKD | 0.182 | 0.003 | 1.68% | 0.179 | 0.185 | 0.179 | 2,490,504 | 20-Jan | 2.82% | -74.72% | |
Winsway | HKD | 1.8 | -0.11 | -5.76% | 1.87 | 1.88 | 1.76 | 85,261,000 | 20-Jan | -21.40% | -58.34% | ||
SouthGobi Resources | HKD | 48.9 | 0.9 | 1.88% | 48 | 49 | 48 | 14,600 | 20-Jan | 7.35% | -54.72% | ||
China Gold | HKD | 23.25 | -0.25 | -1.06% | 22.8 | 23.4 | 22.8 | 24,500 | 20-Jan | 27.75% | -39.14% | ||
CNNC Int’l | HKD | 2.38 | 0.01 | 0.42% | 2.4 | 2.42 | 2.29 | 637,000 | 20-Jan | 17.82% | -65.66% | ||
Real Gold Mining | HKD | 8.81 | 0 | 0.00% | 8.81 | 8.81 | 8.81 | 0 | 20-Jan | 0.00% | -25.09% | ||
Mongolia Energy | HKD | 0.7 | 0 | 0.00% | 0.71 | 0.71 | 0.68 | 9,794,813 | 20-Jan | 0.00% | -69.70% | ||
Zijin Mining | HKD | 3.39 | -0.01 | -0.29% | 3.43 | 3.48 | 3.36 | 30,507,564 | 20-Jan | 16.10% | -16.70% | ||
Mongolia Inv Group | HKD | 0.05 | 0 | 0.00% | 0.05 | 0.05 | 0.049 | 1,818,000 | 20-Jan | 8.70% | -50.50% | ||
North Asia Resources | HKD | 0.215 | -0.013 | -5.70% | 0.226 | 0.228 | 0.2 | 1,745,000 | 20-Jan | -3.15% | -79.52% | ||
China Daye Non-Fer. | HKD | 0.435 | -0.005 | -1.14% | 0.44 | 0.445 | 0.435 | 1,424,000 | 20-Jan | -5.43% | -26.27% | ||
Bestway Int’l | HKD | 0.052 | -0.006 | -10.34% | 0.053 | 0.053 | 0.051 | 30,000 | 20-Jan | -14.75% | -59.38% | ||
Asia Coal | HKD | 0.099 | 0 | 0.00% | 0.099 | 0.099 | 0.099 | 0 | 20-Jan | -5.71% | -59.26% | ||
Mongolian Mining | HKD | 6.27 | -0.11 | -1.72% | 6.37 | 6.37 | 6.09 | 995,000 | 20-Jan | 7.36% | -39.48% | ||
SGX | LionGold | SGD | 0.88 | -0.005 | -0.56% | 0.88 | 0.88 | 0.875 | 6,811,000 | 25-Jan | 1.15% | 26.62% | |
LSE | Central Asia Metals | GBp | 63 | -0.75 | -1.18% | 65 | 65 | 62 | 33,300 | 25-Jan | 10.77% | -37.00% | |
Petro Matad | GBp | 36.75 | -0.75 | -2.00% | 37.5 | 37.5 | 36.5 | 137,040 | 25-Jan | 48.48% | -69.25% | ||
Metal-Tech | GBp | 4.25 | 0 | 0.00% | 4.25 | 4.25 | 4.25 | 2,700 | 25-Jan | 13.33% | -66.67% | ||
Nova Resources | GBp | 8.5 | 0 | 0.00% | 8.5 | 8.5 | 8.5 | 2,200 | 25-Jan | 257.90% | |||
Origo Partners | GBp | 32 | -0.25 | -0.78% | 32.25 | 32.25 | 32 | 23,137 | 25-Jan | -8.57% | -23.35% | ||
Canada | Aberdeen Int’l | CAD | 0.59 | 0.01 | 1.72% | 0.58 | 0.6 | 0.58 | 319,000 | 25-Jan | -9.23% | -10.94% | |
Altan Rio Minerals | CAD | 0.5 | 0 | 0.00% | 0.5 | 0.5 | 0.5 | 0 | 20-Jan | ||||
Blue Zen Mem. Parks | CAD | 0.16 | 0.01 | 6.67% | 0.15 | 0.16 | 0.14 | 14,850 | 25-Jan | 220.00% | -77.14% | ||
Centerra Gold | CAD | 20.28 | 1.88 | 10.22% | 18.2 | 20.28 | 18.07 | 576,173 | 25-Jan | 12.67% | 28.42% | ||
China Gold | CAD | 3.17 | 0.21 | 7.09% | 2.93 | 3.311 | 2.93 | 381,918 | 25-Jan | 23.83% | -34.77% | ||
Desert Eagle Res | CAD | 0.25 | 0 | 0.00% | 0.25 | 0.25 | 0.25 | 0 | 23-Jan | -85.38% | |||
Denison Mines | CAD | 1.86 | -0.03 | -1.59% | 1.84 | 1.88 | 1.76 | 3,526,768 | 25-Jan | 46.46% | -43.64% | ||
East Asia Minerals | CAD | 0.59 | 0.06 | 11.32% | 0.52 | 0.6 | 0.51 | 380,680 | 25-Jan | 25.53% | -89.69% | ||
Erdene Resource | CAD | 0.45 | 0 | 0.00% | 0.48 | 0.48 | 0.445 | 76,400 | 25-Jan | 20.00% | -70.59% | ||
Entree Gold | CAD | 1.32 | 0.09 | 7.32% | 1.23 | 1.33 | 1.2 | 66,200 | 25-Jan | 6.45% | -51.29% | ||
Fortress Minerals | CAD | 3.95 | -0.3 | -7.06% | 3.95 | 3.95 | 3.95 | 265 | 25-Jan | -3.66% | -30.70% | ||
Gulfside Minerals | CAD | 0.08 | 0.01 | 14.29% | 0.08 | 0.08 | 0.08 | 2,000 | 25-Jan | -5.88% | -20.00% | ||
Global Met Coal Corp | CAD | 0.13 | -0.01 | -7.14% | 0.145 | 0.15 | 0.13 | 244,000 | 25-Jan | 4.00% | |||
Ivanhoe Energy | CAD | 1.078 | -0.012 | -1.10% | 1.07 | 1.11 | 1.06 | 220,171 | 25-Jan | -3.75% | -66.21% | ||
Ivanhoe Mines | CAD | 17.67 | 0.14 | 0.80% | 17.53 | 17.95 | 16.91 | 2,809,177 | 25-Jan | -2.32% | -37.58% | ||
Kincora Copper | CAD | 0.3 | -0.015 | -4.76% | 0.3 | 0.3 | 0.28 | 30,506 | 25-Jan | -3.23% | 76.47% | ||
Khan Resources | CAD | 0.21 | 0.025 | 13.51% | 0.19 | 0.21 | 0.19 | 30,300 | 25-Jan | 5.00% | -57.58% | ||
Lucky Strike | CAD | 0.305 | -0.005 | -1.61% | 0.32 | 0.32 | 0.3 | 58,000 | 25-Jan | -14.08% | -60.39% | ||
Meritus Minerals | CAD | 0.04 | 0 | 0.00% | 0.04 | 0.04 | 0.04 | 0 | 24-Jan | 60.00% | -74.19% | ||
Manas Petroleum | CAD | 0.145 | -0.005 | -3.33% | 0.155 | 0.155 | 0.135 | 161,200 | 25-Jan | 0.00% | |||
Prophecy Coal | CAD | 0.43 | 0.005 | 1.18% | 0.43 | 0.43 | 0.415 | 948,445 | 25-Jan | 4.88% | -47.09% | ||
Puget Ventures | CAD | 0.49 | 0 | 0.00% | 0 | 17-Sep | |||||||
SouthGobi Resources | CAD | 6.7 | 0.05 | 0.75% | 6.5 | 6.76 | 6.5 | 51,876 | 25-Jan | 11.67% | -51.94% | ||
Solomon Resources | CAD | 0.08 | 0 | 0.00% | 0.08 | 0.08 | 0.08 | 0 | 23-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 | 4.1 | 0 | 0.00% | 4.1 | 4.1 | 4.03 | 101,900 | 25-Jan | 5.13% | 0.00% | ||
US | Denison Mines | USD | 1.86 | -0.02 | -1.06% | 1.81 | 1.87 | 1.73 | 2,081,910 | 25-Jan | 48.80% | -44.31% | |
Entree Gold | USD | 1.31 | 0.11 | 9.17% | 1.21 | 1.3201 | 1.18 | 371,423 | 25-Jan | 9.17% | -51.84% | ||
Ivanhoe Energy | USD | 1.08 | 0.01 | 0.93% | 1.07 | 1.09 | 1.05 | 694,280 | 25-Jan | -3.57% | -66.36% | ||
Ivanhoe Mines | USD | 17.57 | 0.2 | 1.15% | 17.33 | 17.86 | 16.69 | 6,424,922 | 25-Jan | -0.85% | -38.09% | ||
Manas Petroleum | USD | 0.137 | -0.008 | -5.52% | 0.1421 | 0.149 | 0.13 | 790,695 | 25-Jan | -7.12% | -75.54% | ||
Mongolia Growth Grp | USD | 4.0845 | -0.047 | -1.14% | 4.062 | 4.0845 | 4.062 | 1,000 | 25-Jan | 6.23% | |||
Blue Wolf MGL | USD | 9.67 | 0 | 0.00% | 9.56 | 9.67 | 9.56 | 0 | 24-Jan | 0.52% | |||
Blue Wolf MGL Unit | USD | 10.31 | 0 | 0.00% | 10.31 | 10.31 | 10.31 | 0 | 19-Jan | 2.59% |
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"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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