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Wednesday, January 26, 2011

[cpsinewswire] [CPS NewsWire, Wednesday, January 26, 2011]

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

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ASX is on Holiday today due to “Australia Day” National Holiday. Normal trading resumes tomorrow.

Link to ASX 2011 Trading Calendar here

 

 

SouthGobi Resources Completes Initial Delivery to Risun Mining

500,000 Tonne China Delivery Contract a First for SouthGobi

HONG KONG, CHINA--(Marketwire - Jan. 25, 2011) - SouthGobi Resources Ltd. (TSX:SGQ)(SEHK:1878) announced today that it has completed its first "direct delivery" coal sale from its Ovoot Tolgoi coal mine in southern Mongolia to Risun Mining Co. Ltd. ("Risun").

All previous coal sales by SouthGobi were "mine-gate" sales, in which customers took delivery and ownership of the coal at the Ovoot Tolgoi mine site and made their own arrangements to transport the coal to China.

The initial delivery to Risun was the first delivery under a 500,000 tonne, 2011 sales contract. Using a logistics service provider, SouthGobi transported coal to a customs bonded yard at Ceke, China, approximately 50 kilometres south of SouthGobi's Ovoot Tolgoi coal mine. Ceke is a major Chinese coal distribution terminal with rail connections to key coal markets in China. Risun then undertakes its own logistics from there, with the coal destined for use in coke-making.

"This coal delivery is significant because it establishes that SouthGobi can offer customers coal inside China at the Ceke rail terminal as an alternative to mine-gate collection," said Mr. Molyneux. "We're also delighted to welcome Risun as a new customer, which has annual coal requirements."

Link to press release

 

 

Prophecy to Host Investor Conference Call on January 20, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2011) - Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) announces that it will host a conference call at 10am EST (7am PST) on Thursday January, 20, 2011. Mr. John Lee, Prophecy Chairman and CEO, will update shareholders and analysts on Prophecy's Mongolian operations and its recently announced transaction with Pacific Coast Nickel (see Prophecy news, January 18, 2011).

Link press release

Link to Prophecy Coal Presentation here

Link to Prophecy Nickel Presentation here

 

 

Mongolia Reports FMD Under Control

January 25 (UB Post) No new reports of foot and mouth disease (FMD) outbreaks have been recorded since mid-November 2010.

The authorities sent Follow Up Report No. 7 dated 19 January to the World Organisation for Animal Health (OIE).

The report is described as a final report as there have been no outbreaks of FMD since the previous report dated 24 November 2010.

Link to article

 

 

China Willing to Deepen Pragmatic Cooperation with Mongolia

January 26 (Xinhua) China hopes to promote political mutual trust and deepen pragmatic cooperation with Mongolia, a senior Chinese official said in Ulan Bator Tuesday.

Yan Junqi, vice chairwoman of the Standing Committee of the National People's Congress (NPC), China's top legislative body, made the remarks when meeting with Mongolian Parliament Speaker Damdin Demberel and Prime Minister Batbold Sukhbaatar on the sidelines of the 19th Annual Meeting of Asia-Pacific Parliamentary Forum.

She said China and Mongolia are friendly neighbors and important cooperation partners, adding that China is willing to work together with Mongolia to achieve mutually beneficial cooperation and common development so as to bring more benefits to both sides and the two peoples.

Link to article

 

 

Journalists to study owning shares in TT

January 26 (news.mn) Press Institute and project of Economic Policy Innovation under International Development Agency of USA are organizing a regular training for journalists in economic field on thesis Owning of state owned Erdenes Tavantolgoi Company to citizens and economic entities at the Press Institute on January 28. 

Specialists of State Property Committee, Erdenes Tavantolgoi Shareholding, Mongolian Stock Exchanges, Erdenes MGL LLC and “Center for Bond Payment, Accounting and Central Deposit” LLC will attend the training with regarded issue report and answer journalists’ questions.

Related organizations and specialists consider on share owning issue could have political character, rumor and prediction along resolution to issue Erdenes Tavantolgoi shares to citizens and economic entities. Therefore, the training will teach preparatory work of share issue, participation of State Property Committee, policy of the Government and Parliament and ideology of legislation. Besides, journalists would get detailed information of Erdenes Tavantolgoi State-Owned Shareholding’s bond registration, shares registration to all citizens, role and contribution of Mongolian Stock Exchanges, MSE cooperation with London Stock Exchanges and procedure of citizens’ share owning. 

Link to article

 

 

Forbes ranks Mongolia 68th by business climate

January 26 (news.mn) Forbes Magazine has published its rankings of countries by favorable climate to do business. It ranks by business environment by taking into account the population, GDP growth, national gross production per capita, trade balance, finance and budget.  Mongolia was ranked 68th from 129 countries. The second best country for business of 2009, USA stepped backwards to 9th place. Specialists believe that USA taxation policy has influenced the decline. 

Denmark is the leading country for business third year in a row, followed by Hong Kong, New Zealand, Canada and Singapore. New Zealand has attracted world investors by introducing several economic reforms. Our neighbors Russia ranks 97th and China 90th in the list.

Link to article

 

 

How the Internet helped Altanchimeg from Mongolia get a loan (from Kiva)

January 26 (Aussie Theatre) Altanchimeg Dash is 33 years old and lives in Ulaanbaatar, Mongolia. Since 2003, with the help of her husband, Altanchimeg has been operating a meat retailing business at a rented stall in Han Talst, one of the biggest markets in her town. She specialises in selling mutton and beef. She has worked hard to grow her business and now her daily sales are approximately 400,000 MNT (aprox A$350).

Altanchimeg requested a 3,000,000 MNT (aprox A$2,500) loan in August 2010 in order to complete her house, which show hopes to one day develop into her own meat retailing store.

As of today (late Jan 2011) the loan is 16% repaid.

Altanchimeg's is one of the many dreams being brought to life by Kiva, a non-profit online micro-lending site based in San Francisco, USA. Kiva enables people from all over the world to browse the stories and business plans of entrepreneurs in countries less fortunate than their own and choose to lend money to a specific person in increments as small as $25.

Kiva works with field partners on the ground to find, identify and fund legitimate business ventures based on three core beliefs:

·         People are by nature generous, and will help others if given the opportunity to do so in a transparent, accountable way.

·         The poor are highly motivated and can be very successful when given an opportunity.

·         By connecting people we can create relationships beyond financial transactions, and build a global community expressing support and encouragement of one another.

Kiva is the type of organisation that has grown out of the globalisation of communications that the internet has brought. 20 years ago an organisation such as this simply could not have existed. It has taken advantage of the massive reach that can be achieved on the internet can have with out the need for the expensive mass marketing campaigns that became so popular in the 80s and 90s. Now anyone with a good idea and some hustle can reach enough people to change the world.

I encourage you all the check out kiva at www.kiva.org . The loans start at $25 and they really are loans. You get to watch the progress as your chosen recipient builds their business and repays their loan. Then you have the choice to withdraw your money or roll it over into another loan

Link to article

 

 

Mogi & Friends Fund

ASX on Holiday

Mogi & Friends Fund is a tiny fund with an initial investment of now A$21.8K I created in late September with a few friends to put my own (and a few friends’) money where my mouth (just mine) is.

ASX was on holiday today. Overall return is same yesterday at 134% with a total market value of now slightly over $51K. Trading resumes tomorrow as normal.

Mogi

 

Disclosures

·         I personally and through my “Mogi & Friends Fund” hold 75,000 HAR shares in aggregate.

·         Jason Peterson, CPS Securities Director, holds shares (approx. 6,500,000) and options (1,000,000) in HAR.

·         CPS holds 500,000 options in HAR for corporate advice provided to HAR – Jason Peterson is a 33% shareholder in CPS.

·         CPS and CPSI directors and employees hold shares in HAR and may buy and sell these shares as and when they see fit.

·         Jason Peterson is a non-executive director of HAR but not involved in the day to day running of HAR.

·         CPS has received an IPO management fee of $250,000 and a 5% fee for any funds placed to its clients under the prospectus.

·         HAR has paid for Jason Peterson’s travel and accommodation expenses to and in Mongolia – this must be disclosed as a soft dollar commission.

·         Please refer to the prospectus for further disclosures.

 

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"Mogi" Munkhdul Badral

Executive Director

CPS International LLC

CPSI Logo (Small)

Mobile: +976-99996779

Email: mogi@cpsinternational.mn

 

Suite 906, Central Tower

Sukhbaatar District, Ulaanbaatar

Mongolia

 

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

 

 

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