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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SGQ closed -1.26% to C$7.03, +17.17% YTD; 1878 closed flat at HK$55, +21.01% YTD
Talking Coal With SouthGobi Resources' CEO
February 15 (Peter Epstein via SeekingAlpha) The following in-depth interview was conducted by Peter Epstein with the CEO of SouthGobi Resources, Alex Molyneux. Paid subscribers to a premier coal industry newsletter published by Doyle Trading Consultants received this interview on February 10th. As the author of this content, I have been permitted by Doyle Trading Consultants to distribute this interview. Subsequent to its posting here on Seeking Alpha, this article will not appear anywhere else.
BDSec: MSE Update, WEDNESDAY, FEBRUARY 15
February 15 (BDSec) Top 20 Index of the Mongolian stock market in a session on Wednesday edged down 0.27% to 20,740 points. Trading of shares during the session was 55 companies. Shares of 26 companies were high, while the prices of shares of 11 companies were decreased and 18 companies preserving the prices of shares. 410,968 shares were traded at today's bourse with total value of MNT 114.6 million (or US$85.8 thousand).
Main contributors to the market decline today were coal mining companies. All 5 coal mining companies traded today finished weaker, with Sharyn Gol (SHG) down by 4.11%, Baganuur (BAN) down by 3.98%, Mogoin Gol (BDL) down by 1.85%, Aduunchuluun (ADL) down by 1.72% and Tavantolgoi (TTL) down by 0.17%.
Today's winners were Hermes (up 4.00%), Eermel (up 3.64%) and Material Impex (up 2.51%).
CPSI is a supporting organization to MEF
МЭЗФ Хэлэлцүүлэг: Эрүүл мэндийн салбар – Асуудал ба шийдэл
February 16 (MEF) Монголын эдийн засгийн чуулганыг угтан зохион байгуулж байгаа цуврал хэлэлцүүлэг 2 сарын 16 буюу Өнөөдөр Эрүүл мэндийн салбар - Асуудал ба шийдэл сэдвээр үргэлжилж байна. Хэлэлцүүлэг 16:00 цагт Хууль зүйн үндэсний хүрээлэн дээр болно. Таныг хүрэлцэн ирэхийг урьж байна.
Эрүүл мэндийн салбар – Асуудал ба шийдэл
Хэзээ: 2 сарын 16–ний 16:00 цаг
Хаана: Хууль зүйн үндэсний хүрээлэн
Үргэлжлэх хугацаа: 120 минут
Хөтлөгч: Д.Энхтуяа, NTV Телевизийн сэтгүүлч
16:05-16:15 Илтгэл 1: Эрүүл мэндийн санхүүжилтийн тулгамдаж буй гол асуудлууд, шинэчлэх хэрэгцээ шаардлага /ЭМЯ, АХБ-ны ЭМСХ3 төслийн зөвлөх Ц.Нацагдорж/
16:40-16:50 Илтгэл 2: Эмнэлгийн менежментийн өнөөгийн байдал, шинэчлэлийн зорилтууд /ЭМЯ, ЭМСХ4 төслийн зөвлөх А.Болд/
17:20-17:30 "Эрүүл хот" хөтөлбөрийн танилцуулга /Нийслэлийн Иргэдийн Төлөөлөгчдийн Хурлын Тэргүүлэгч С.Одонтуяа/
Second "Miner & Supplier" forum to be held
February 15 (news.mn) The NGO Mineral Resources and Mining Exchange is holding its second "Miner & Supplier" forum at the Chinggis Hotel on March 15 and 16.
The forum is designed to bring together mining companies and mining supply companies. The National Development and Renovation Committee, the Ministry of Mineral Resources and Energy, and the Business Council are helping the Mineral Resources and Mining Exchange organize the event.
The mining supply sector has been developing rapidly around the Tavantolgoi and Oyutolgoi projects, the Erdenet Factory, and other mining projects. Mining company directors, mining supply companies, mining engineers, managers, and financial specialists will take part in the forum. They will discuss the latest environmentally-responsible mining techniques, mining technology, and mining equipment.
The forum will also address Mongolia's long-term policy regarding domestic mining supply companies.
DP FACTION MAKES WORKING GROUP
Ulaanbaatar, Mongolia, February 15 /MONTSAME/ The parliamentary faction of the Democratic Party (DP) has decided to set up a working group in charge of the Ukhaa khudag coal deposit and of a matter on newly-discovered reserves at the Oyu tolgoi gold-copper deposit.
The decision was made on Monday by the faction in accordance with the 27th clause of the law on State Great Khural and some clauses of the DP's charter.
The working group is supposed to draw up proposals and conclusions on matters concerning new reserves discovery in the OT deposit, to inspect whether exploration special licenses for the Tavan tolgoi have been altered to the extraction licenses, and to consider isolating of the Ukhaa khudag deposit from the Tavan tolgoi deposit in accordance with laws.
Headed by D.Gankhuyag, the group has comprised R.Amarjargal, B.Batbayar, N.Batbayar, L.Gantomor, Ts.Sedvanchig and S.Erdene MPs.
Peacekeepers to leave for South Sudan
February 16 (news.mn) A battalion of 850 Mongolian Armed Forces soldiers is preparing to take part in peacekeeping operations in South Sudan. Lieutenant Colonel L.Ganselem will lead the contingent.
The soldiers have trained at the Armed Forces Training Center in Tavantolgoi. The first detachment of 350 soldiers will soon leave for South Sudan, and their arms and equipment have already been shipped to the country.
The United Nations is sending peacekeeping troops to South Sudan because the country has experienced much conflict since declaring its independence in July 2011.
Journalists Charged with Criminal Defamation in Mongolia
February 16 (IFJ) The International Federation of Journalists (IFJ) joins its affiliate the Confederation of Mongolian Journalists (CMJ) in condemning the laying of criminal defamation charges against Mongolia's TV9 television station and its investigative news team, in response to the airing of a documentary disclosing allegations of corruption against government officials.
On December 17, 2011, TV9 broadcast a story concerning the alleged illegal privatisation of a publicly owned building located in the center of the country's capital, Ulaan Bataar. The documentary, titled "Detective-2", linked the sale to corrupt activities of high ranked government officials and urged police to investigate.
Shortly afterwards, on December 22, P.Otgonjargal, police major of the State Investigation Authority investigating the privatisation, filed a criminal defamation claim against TV9 and its news team at the Sukhbaatar District Police Department in Ulaan Bataar.
TV9's documentary team including senior producer D.Turmunkh, reporter N.Binderya, director N.Bayarsaikhan and presenter L.Erdenebaatar were questioned by police. The station's director, Ts.Enkbat, was also questioned. It is reported that police implied the possible forced detention of the team during the questioning.
In December 2010, another Mongolian journalist, , was charged with criminal defamation after publishing a news report implicating a well-known Mongolian businessman in criminal activity.
"The IFJ is concerned that the quick recourse to criminal defamation action has a chilling effect on free and fair journalism, and does little to advance the public interest," IFJ Asia-Pacific Director Jacqueline Park said.
"The IFJ has long maintained its opposition to , and urges the Government of Mongolia to repeal current defamation laws and institute defamation as a civil offence, with relevant safeguards for press freedom and journalists' ability to report on matters of public interest."
Mongolia as Minegolia? Paying the Price
February 15 (NYT Blog) Mineral riches beneath the arid soil of Mongolia could soon make the sparsely populated country the world's fastest-growing economy.
There are different ways of looking at this. The video above focuses on ruined landscapes and displaced herders. The one below emphasizes the economic benefit of exporting mineral riches to China.
Youtube: Mongolian Mining, the Bright Side
The first, released by the European environmental groups C.E.E. Bankwatch Network, Urgewald and O T Watch, anticipates the repercussions from the promised of shares in Erdenes Tavan Tolgoi, a state-run company that controls one of the world's richest coal deposits. The second is an upbeat advertisement for a northern iron ore mine, showing a microcosm of the mining boom that has been accelerating since this former Soviet satellite began to emerge as a free-market economy.
How accurately do these dueling worldviews anticipate the economic gains or the environmental and social costs? Can Mongolia avoid the scarred landscapes of West Virginia or Russia's Sakhalin Island and the acid drainage into watersheds in South Africa and Indonesia?
The first video envisions a bleak future of lost nomadic livelihoods and an expansion of the tent cities in Ulan Bator, swelled by herders who could not keep their herds. Its tone echoes the that accompanied the awarding of the prestigious Goldman Environmental Prize to the herder and environmental activist Tseetsegee Munkhbayar in 2007.
The potential environmental troubles on the open steppes, the site of much of the mining activity, are mirrored by the dwindling of the country's forests, according to a recent World Bank .
Mr. Munkhbayar's group, the , sued the country's government for failing to protect watersheds and forests as required by a 2009 law. Last fall, the country's Supreme Court the government to enforce its environmental laws.
An in the Guardian newspaper last November quoted a herder as saying that the dust kicked up by mining vehicles and extraction machines "makes us cough."
"Even the animals cough," he said. "The animals eat the dusty grass. Then the humans eat the poisoned animals. Soon it will be impossible for us to stay here."
Yet the chief executive of the state mining company that the company will pass out shares to all Mongolians when a public offering is made this spring.
The second video is a paean to industry, with stirring music and images of large trucks on parade and miners comfortably at rest in a more prosperous tent city. The tone evokes over-the-top Soviet-era inspirational films about worker heroes and the glories of Communism, but here it is the company that is the hero.
The economic victories and machinations around the country's mining bounty are reflected a bit more straightforwardly in daily reports from the or the . The latter's Web page has been buzzing with the news of the final steps in consolidation ofcontrolover the Oyu Tolgoi mine and its gold and copper deposits by Rio Tinto, the mining giant.
The Oyu Tolgoi mine, whose name means "turquoise hill," is one of the richest known in Mongolia. The Guardian has reported that the revenue from the total output of its minerals may amount to $200 billion and eventually represent one-third of Mongolia's gross domestic product, which is now only about $2,500 for each of the country's 2.8 million people.
At least one group, the Zorig Foundation, has tried to promote a future that is not a wasteland environmentally or economically through its work with the Oyu Tolgoi scholarship program. This program offers undergraduate and graduate study overseas in subjects like mining engineering and environmental and earth sciences. At the same time, the foundation is increasingly turning its attention to identifying and curbing government corruption, which is exacerbated by the mineral boom.
One of the most sober overviews of Mongolia's prospects — albeit without the mournful music or the images of bedraggled camels in the first video — was offered by The Economist. Its take, boiled down, is that to pay for dreams of prosperity. "Mongolia is being dug up and sold to China."
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