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Sunday, September 25, 2011

[CPSI NewsWire: Ivanhoe vs Rio vs Mongolia vs Ivanhoe]

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

 

UPDATE 1-Mongolia wants to speed up raising its stake in copper mine

OYU TOLGOI, Mongolia, Sept 25 (Reuters) - The Mongolian government will seek to accelerate the timetable to increase its stake in the country's giant Oyu Tolgoi copper-gold project to 50 percent, Mining Minister Dashdorj Zorigt said on Sunday.

A landmark 2009 investment agreement on the multi-billion dollar Oyu Tolgoi project in Mongolia's South Gobi region gave 66 percent of the project to Canadian miner Ivanhoe , with the rest remaining in the hands of the Mongolian state.

The agreement says the government's stake in the project can be raised to 50 percent after 30 years.

A group of 20 parliamentarians has submitted a petition to the government asking it to reopen negotiations to increase Mongolia's stake.

The government has submitted a revised agreement to Ivanhoe Mines which will change the timeframe in which the government's share is increased to half, Zorigt told reporters.

"The proposal has been sent," Zorigt said. "At this moment the government has made the decision that we will send the proposal to renegotiate the timeframe with which to increase the Mongolian portion to 50 percent."

Earlier on Sunday, global mining giant Rio Tinto said it would respond to any request from the Mongolian government to discuss its investment in the Oyu Tolgoi copper-gold deposit, but it expected the original 2009 agreement to be honoured.

Rio Tinto owns 48.5 percent of Ivanhoe's shares and is also in charge of constructing the Oyu Tolgoi mine.

Cameron McRae, Rio Tinto's Mongolia country manager and chief executive of Oyu Tolgoi LLC, the entity running the mine, said on Sunday that he had not yet received any formal notification that the government will seek to modify the investment agreement.

"We respect the Mongolian government and when they give us the notification to come and talk we will have those talks," he said ahead of a Sunday ceremony marking the half-way stage of construction on the project.

"I think what we are demonstrating is that the investment agreement is a contract, and we're going to honour our commitments and we expect the government to honour its commitments."

Rio Tinto's own forecasts suggest the Oyu Tolgoi project alone could account for about 5 percent of the country's GDP growth.

By the time the first shipment leaves the site, more than $6 billion will have been spent on the project, and the Mongolian Government will have received more than $700 million in payments, according to Rio Tinto.

McRae said the project had already brought huge benefits to the Mongolian economy, helping to transform the capital Ulan Bator and driving construction and growth across the country.

Another benefit of the Oyu Tolgoi agreement was the confidence it gave other foreign firms to invest in the country, he said.

Phase One of the massive mine, started almost from scratch last year in the remote and sparsely populated South Gobi region, will be ready to begin producing copper in the second half of next year.

It is expected to produce an average of 450,000 tonnes of copper a year over its 50-60 year lifetime.

Nationalist politicians continue to bridle at the idea of "selling out" their strategic resources, and foreign investors in Mongolia remain concerned about the risk of more populist legislation directed at overseas mining firms, especially as next year's parliamentary elections loom.

Previous bills passed by parliament include an export tax on gold and a windfall tax on mining profits, both of which were heavily criticised by investors and subsequently revoked.

Experts also said that while a move to increase the government's stake might appease nationalist sentiment, it was unlikely to improve the potential of the mine itself.

"If a government takes more than 50 percent, projects will shut down -- mining is bringing tremendous growth to Mongolia but that could be killed very quickly," said Bernard Guarnera, president of mining consultants Behre Dolbear, speaking in Ulan Bator earlier this month.

Link to article

Related:

Mongolia Wants to Raise Stake in Rio Tinto’s Oyu Tolgoi Copper Mine to 50% - Bloomberg, September 25

Rio Tinto: Willing To Talk To Mongolia Govt About Oyu Tolgoi PactDow Jones, September 25

 

Rio and partners fall out over Mongolian riches

September 25 (Sydney Morning Herald) THERE was a nod to Mongolia's nomadic heritage when Rio Tinto opted to use traditional ''ger'' tents for workers' accommodation at their massive Oyu Tolgoi mine.

The huts rise like mushrooms in this patch of the south Gobi Desert, surrounding a $16 billion project that will soon be one of the world's biggest producers of both copper and gold.

But while the workers have bunkered down in their traditional digs, keeping the project's corporate partners inside the same proverbial tent is proving far more difficult for Rio Tinto.

Long-running tensions between Rio and its Oyu Tolgoi partner - Ivanhoe Mines - may flare again today, with the Canadian company poised to attack Rio for comments made about the project last week.

Ivanhoe - which owns 66 per cent of Oyu Tolgoi - has accused Rio of releasing ''unauthorised and incomplete information concerning the Oyu Tolgoi project'' during a briefing for investors in New York and London on Tuesday.

Rio owns 48.5 per cent of Ivanhoe and is responsible for managing Oyu Tolgoi, despite its indirect stake of just 32 per cent.

Ivanhoe chief executive Robert Friedland has promised to list his claims against Rio Tinto's senior management in a statement this morning.

Speculation persists that Mr Friedland's anger may have been roused by Rio Tinto Copper boss Andrew Harding, who told last week's briefing that scheduling targets could be delayed if the preferred option for supplying electricity was unable to proceed.

Speaking in Ulan Bator over the weekend, Mr Harding said those comments were not a revelation to the market, and he had no idea which aspect of the briefing had angered Mr Friedland.

''I have as much information as you would … I just don't have any insight,'' he said.

The stoush is the latest in a series of battles between Ivanhoe and Rio, which is widely expected to launch a takeover for Ivanhoe once a ''standstill clause'' preventing the purchase of further shares expires in January.

Ivanhoe recently sought to protect itself by launching a controversial shareholder rights plan, but that has since landed the feuding companies in arbitration.

Mr Harding rejected suggestions the Oyu Tolgoi project - considered the world's biggest untapped copper resource and strategically crucial to the future of Mongolia - could be undermined by the deteriorating relationship between the two companies.

''We have a professional working relationship with them,'' he said.

''The value comes from building it and producing the copper … as partners, Ivanhoe, Rio Tinto and the government have always focused on that.''

But Ivanhoe was not the only project partner putting a dampener on the party thrown at Oyu Tolgoi over the weekend to mark the halfway mark in construction.

The Mongolian government retains 34 per cent ownership of Oyu Tolgoi, and there are growing signs that lawmakers want a bigger slice of the mine's profits.

Rumblings from a group of 20 MPs earlier this month have been endorsed by the Mongolian Finance Minister Sangajav Bayartsogt, who confirmed the government would seek to revise the investment agreement.

Rio Tinto's Mongolia country director Cameron McRae said the company had not been notified of any proposed changes to the investment arrangement, and he warned that revisiting the contract would damage investor confidence.

''An unstable environment, where changes to agreements are forced, leads to investors being very apprehensive and uncertain … stability of this agreement sends a very important signal to the world from Mongolia,'' he said.

Close to $3.3 billion of the $6 billion first stage of the project will have been spent by the end of 2011, and Mr Harding said much of the work was ahead of schedule. By 2018, the mine should be producing 450,000 tonnes of copper and 330,000 ounces of gold per year.

The reporter attended a site tour of Oyu Tolgoi as a guest of Rio Tinto.

Link to article

 

Ivanhoe Mines to Issue Statement on Monday, September 26, on Challenge to Unauthorized Remarks About Oyu Tolgoi Project

SINGAPORE, SINGAPORE--(Marketwire - Sept. 23, 2011) - Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) founder and Chief Executive Officer Robert Friedland said today that the company will issue a statement on Monday, September 26, in response to what it considers to be unauthorized and incomplete information concerning the Oyu Tolgoi Project by members of Rio Tinto's senior management this week.

Link to release

 

Garrison International Ltd.: Update on Unauthorized Transfer of Company Subsidiary

TORONTO, ONTARIO--(Marketwire - Sept. 23, 2011) - Garrison International Ltd. (TSX VENTURE:GAU) ("Garrison" or "the Company") hereby notifies its shareholders that an Introductory Motion in Damages and Permanent Injunction against Garrison International Ltd., its current and former Directors and its Legal Counsel, has been filed in the Province of Quebec. Although the company has no operations in Quebec either current or pending, the motion has been filed in the Superior Court, District of Montreal, Province of Quebec by Plaintiffs Georges Haligua Cohen and Daniel P. Neelon et al. Mr. Cohen had previously loaned Garrison Asia LLC, the Mongolian subsidiary of Garrison International Ltd., the sum of $209,000 in November 2010 and thereafter in January 2011 Mr. Cohen alleged a default and seized the shares of Garrison Asia LLC. The civil action, amongst other claims, makes allegations of fraud and claims damages of $17,301,724. This action was filed on August 10, 2011 and the Company is preparing its legal defence in response to this action.

The Company also wishes to notify its shareholders with an update in regard to its News Release of May 20, 2011 concerning its statement of the unauthorized transfer of the Company's subsidiary in Mongolia that occurred in January and February 2011, that a criminal action has been filed in Mongolia against Georges Cohen, a former Director of Garrison International Ltd, and Daniel Neelon, Counsel of Mr. Cohen, and has been assigned case number 21147156. The criminal action pending against Mr. Cohen and Mr. Neelon was filed under section 236 of the Mongolian Criminal Code which refers to "a procedure which has caused substantial damage to a business entity" and may be reviewed under Section 148 which is entitled "Appropriation of Property by Fraud" or Section 150 which is entitled "Misappropriation or Embezzlement of Property". The action is currently under investigation by the Mongolian Police. Pending the outcome of this investigation Daniel Neelon, who resides in Ulaan Baatar, cannot leave Mongolia as he is under a Police injunction. Georges Cohen has not returned to Mongolia since February 2011 when he completed the transfer of the Company subsidiary into his own name.

The Mongolian Police have directed the two parties to deliver all of the assets of Garrison Asia LLC ("Garrison Asia") into their possession until the investigation and the legal matters filed in Mongolia have been completed. To date, the Mongolian Police have taken possession of some but not all of Garrison Asia's assets which were taken by Cohen and Neelon. Thus far, Garrison Asia's company stamp as well as its exploration and mining licenses have been recovered from Daniel Neelon and placed into the possession of the Mongolian Police. Recovery of other assets, such as maps, reports and a motor vehicle, are still pending. The corporate certificates and registration papers of Garrison Asia, according to Mr. Cohen's Statement of Claim in the Quebec proceedings mentioned above, have been taken out of Mongolia and are currently held in Montreal by Mr. Cohen.

Other matters in the Mongolian court system involve a civil action which had been initiated by Mr. Cohen in Mongolia against two Directors of the Company. This action was initiated on April 26, 2011 alleging that not all of the exploration licenses held by Garrison Asia LLC were obtained by Mr. Cohen and the plaintiffs were seeking possession of any other exploration licenses held by Garrison Asia. A hearing in this matter took place on September 21st, 2011 in Ulaan Baatar in Mongolian District Civil Court. To date all exploration licenses held by Garrison Asia have been delivered to the possession of the Mongolian Police pending conclusion of the outstanding legal matters stated above. The hearing was attended by Mr. Blair Krueger, CEO of the Company. Neither Georges Cohen nor Daniel Neelon attended. The judge in the Court session reviewed the facts of the matter and determined that the case is now dismissed.

Negotiations between the parties to resolve these issues began on March 30, 2011 when Mr. Cohen submitted a letter to the Company stating that he would reverse his actions and relinquish all interest in the Company for a cash payment of $3,000,000. The Company rejected this proposal outright at that time. Discussions continued with Mr. Daniel Neelon in Ulaan Baatar, on the weekend of August 19th, 2011. At this time Mr. Neelon estimated that his client, Mr. Cohen, had loaned the Company a little over $300,000 and also owned approximately 10,000,000 shares of Garrison which have a current value of about $350,000. Also at this time, Mr. Neelon informed Garrison management that Mr. Cohen would reverse his actions in Mongolia, drop his lawsuit for $17.3 million that was filed in Quebec, drop his civil lawsuit filed in Mongolia, and would sell his debt and equity back to the Company for a cash payment of $2,000,000. In addition, Mr. Neelon, an Attorney in the United States of America and a member of the Massachusetts Bar Association, requested a payment of $250,000 from the Company to cover his legal fees from his client, which currently remain unpaid as he claims that his client has not paid him his fees due to date. The Company has once again rejected these requests and is proceeding with its own action against Mr. Cohen and Mr. Neelon under Mongolian Law.

Mr. Blair Krueger, President & CEO of Garrison says "it is regrettable that we must spend management time and resources on these matters, but we consider the motion filed in the Province of Quebec to be a frivolous attempt to distract attention from the correct jurisdiction of this matter being the courts of Mongolia. Further, we consider these actions to be inaccurate and without substance. Although Mr. Cohen, Neelon et al have accused the Directors of Garrison of fraud, in actuality we are of the opinion that the facts show the situation to be exactly the opposite."

Link to release

 

Mongolian Stock Exchange making changes

September 23 (news.mn) The Mongolian Stock Exchange (MSE) is getting a facelift. B.Bold, the executive director of Newcom Group and head of the representative managing council of the MSE, told our correspondent about changes planned for the exchange.

He said a group from the London Stock Exchange (LSE) is working to make technological improvements at the MSE by installing high-speed computer systems like those used at the London and Hong Kong exchanges.

The MSE is paying the LSE USD 14 million for the improvements, which will also include repair and renovation work on the MSE building. The MSE is one of the fastest-growing stock exchanges in the world, mainly due to Mongolia’s robust economy. 

A working group of the LSE is also helping to write a draft law on bond trading for the autumn session of the Mongolian Parliament.

B.Bold said he hopes the changes will allow the MSE to trade more shares. He added that state-owned enterprises such as the Erdenet Factory and Darkhan Ferrous Metal Mill have asked to issue shares.

B.Bold also expressed his appreciation for the work that the LSE is doing, and thanked the LSE for bringing its experience and knowledge to Mongolia.

Link to article

 

MRA: 18.9 million tons of coal extracted

September 23 (news.mn) The Mineral Resources Authority (MRA) recently inspected data from coal mining companies. It concluded that mines are operating at between 92.7 and 100 percent of capacity. 

According to the data, mining companies have extracted 18.9 million tons of coal so far this year, 11.4 million tons of which were exported. Mining companies extracted 20 million tons of coal in 2010, 18 million tons of which were exported. 

Link to article

 

AGENDA OF PARLIAMENTARY AUTUMN SESSION

Ulaanbaatar, Mongolia. September 23 /MONTSAME/ These matters will be high on the agenda for the regular autumn session of parliament. They were approved Thursday in accordance with the order of the Speaker. They are:

-       Draft law on company (new wording);

-       draft law on budget;

-       draft law on election of the State Great Khural (new wording);

-       draft law on insurance for drivers;

-       draft law on water supply of city and settlements and usage of sewer (new wording);

-       draft package law on court;

-       draft amendment to the law on chemical poisonous and dangerous substances;

-       draft amendment to the law on budget of Mongolia for 2011;

-       draft law on budget of Mongolia for 2012;

-       draft law on budget of Human Development Fund for 2012;

-       draft law on budget of social insurance fund for 2012;

-       draft parliamentary resolution on approving basic guidelines on state currency policy for 2012;

-       draft amendment to the Constitution of Mongolia;

-       draft law on credit-and-savings co-operatives;

-       draft law on civil health insurance (new wording);

-       draft amendments to the laws on state service, on education, health, excise tax;

-       draft laws on exemption of excise tax of customs and value-added tax;

-       and a draft parliamentary resolution on setting outlying and Gobi regions' soums;

-       draft amendment to the law on local elections;

-       draft parliamentary resolution on approving state policy on border checkpoints;

-       draft parliamentary resolution on altering appendixes of resolutions;

-       others.

Link to article

 

IRREGULAR CABINET MEETING ON FRIDAY

Ulaanbaatar, Mongolia. September 23 /MONTSAME/ The Cabinet ran its irregular meeting on Friday to touch upon some urgent issues.

The cabinet has discussed two draft agreements that are to be established during Germany Chancellor's visit to Mongolia--on cooperation in founding mineral resources processing factory and in the defence sphere.

The cabinet has supported the intergovernmental draft agreement on “Cooperation in Defence”. The agreement has been newly amended by clauses on UN's peacekeeping and anti-terrorism activities, new forms of the two countries' cooperation, the agreement's terms and etc.

If the governments of the two countries establish this agreement, Mongolia will receive technical support needed for peacekeeping and construction-engineering military units. 

Link to article

Link to Cabinet press release

 

Mongolia security chief freed in Germany: report

September 24 (AFP) A top Mongolian security official extradited from Britain to Germany on suspicion of kidnapping a crime suspect has been freed from custody and may already have left the country, a German daily said Saturday.

Quoting his lawyers, the Sueddeutsche Zeitung said Bat Khurts, 42, a key figure in Mongolia's National Security Council, was freed a week ago after prosecutors lifted a custody order.

He was accused of kidnapping a Mongolian murder suspect and abducting him from Germany in May 2003.

Khurts was detained on a European arrest warrant issued by Germany when he flew into London on September 17 last year for meetings with British security officials.

He was ordered extradited to Germany by a British court in July, sparking anger in Ulan Bator, which accused Britain of luring Khurts to London to arrest him.

The arrest warrant issued by Germany alleged Khurts and three other members of the Mongolian secret service kidnapped and drugged Mongolian refugee Damiran Enkhbat in France in May 2003.

It claimed that Khurts drove a car carrying Enkhbat, wanted for the assassination of a Mongolian minister in 1998, to Brussels and then to the Mongolian consulate in Berlin, from where he was flown out to Ulan Bator.

Enkhbat was imprisoned until 2006 in Mongolia and died five days after his release from jail. His family blamed ill-treatment in prison.

Link to article

 

Ministry says harvest is on schedule

September 22 (news.mn) The Ministry of Food, Agriculture and Light Industry says the harvesting of wheat is 45 percent complete, potatoes 68.4 percent complete, and other vegetables 75.9 percent complete.

Preliminary estimates have farmers harvesting 427,000 tons of wheat, 90,500 tons of vegetables, 8,900 tons of oil plants, and 23,400 tons of animal-fodder plants. 

Selenge, Bulgan, Khutul, and Kharkhorin provinces are the leading wheat producers. The Defense Ministry has contracted 1,314 employees from 42 organizations in three aimags to help with the harvest. 

Link to article

 

PRESIDENT MEETS EMIR OF QATAR

Ulaanbaatar, Mongolia. September 23 /MONTSAME/ The President Ts.Elbegdorj met Thursday His Highness Sheikh Hamad bin Khalifa Al Thani, the Emir of Qatar. It happened during the 66th session of the UN General Assembly in New York, USA.

Ts.Elbegdorj mentioned that Qatar has been maintaining a sustainable growth of economics and serves as an example in the region. He said Mongolia is ready to develop mutually beneficial cooperation with Qatar, and then congratulated Qatar for getting a right to host the FIFA World Cup 2022.

In response, the Emir said Qatari investors are interested in Mongolia. "We can invest any shape Mongolia offers, for example, educational one, for we have branches of several prestigious universities and institutes," the Emir said.

Now that Qatar has reached a goal of organizing the FIFA World Cup, "we want to host the Olympic Games," he said.

The President appreciated the Emir's proposals. Qatar leader invited Mongolia's President to a high-level meeting of the Association for Citizenship to run in December in Qatar.

Link to article

 

FEATURE-Mongolia's high plains herders warily eye coal truck road

* Road to open next month, cut delivery time for coal shipments

* Herders face rapid change to pasture land, way of life

UKHAA KHUDAG, Mongolia, Sept 23 (Reuters) - A lone cement ribbon bisecting hundreds of miles of shale and scrub on the high plains of Mongolia's Gobi Desert may be a talisman or curse for nomadic herders that trace their lineage to the empire of Ghengis Khan.

Carved into the Gobi by the Hong Kong-listed Mongolian Mining Corporation (MMC) , the 147-mile (245-km), two-lane road is due to open next month, allowing the company to speed up cargoes of coal to China from its expanding Ukhaa Khudag mine.

Ukhaa Khudag is not well-known but is situated on the northwest corner of Mongolia's Erdenes-Tavan Tolgoi, the world's biggest untapped coal mine with as much as 7.5 billion tonnes of reserves. Some bankers say plans for an IPO in 2012 to develop the prospect could fetch as much as $15 billion.

The freshly paved highway is one of the first glimpses of a mining boom that will transform Mongolia's fortunes. But many, including President Tsakhia Elbegdorj, are worried that mining has already put the country's fragile pastoral economy under strain and left a million nomads behind.

"Hundreds of rivers, streams and lakes have disappeared because of deforestation, climate change, and also partly because of irresponsible mining," Puntsag Tsagaan, the president's senior adviser, told Reuters.

"Our challenge is how to diversify our economy. I don't want my children and my grandchildren to live in a different country called Minegolia -- it has to be Mongolia. Therefore we have to manage the mineral wealth in a better way."

ENVIRONMENTAL IMPACT

The road will remove a major logistical hurdle for MMC.

"We will start using it next month and it will have a total throughput capacity of about 18 million tonnes per annum -- this year our total production will be 7 million tonnes so we no longer have logistics and transportation problems," said Adilbish Gankhuyag, MMC's chief financial officer.

It is also a key part of the company's commitment to protect the region's ecosystem, which has been damaged by hundreds of overloaded coal trucks churning up grazing land, said Shurka Baigalmaa, MMC's onsite manager at Ukhaa Khudag.

MMC is also committed to using the parched region's water supplies efficiently, with Baigalmaa saying that 95 percent of water used at the mine's washing plant would be recycled.

The open-cast mine is already 70 metres deep, and will eventually descend 300 metres , but she said the company would limit the impact by refilling exhausted seams using peat excavated from new mining areas further west.

But mining can never be completely clean. Clouds of sulphurous dust drift across the site and Baigalmaa said they had not yet built screens to help contain the problem.

Apart from the thirsty crows circling the mine's reservoir, there are few signs of life in South Gobi, where about 50,000 herders roam an area the size of England and Wales.

MMC said it was obliged to resettle people disrupted by mining construction, but many have abandoned the region already, frustrated by having to move their tents 20 times a year just to keep herds nourished.

Further north, at the Hustai National Park, 150 km (100 miles) west of Ulan Bator, people are also paying the price of mining, said Khagvadorj, a herder with a large family and dozens of horses.

Sipping fermented mare's milk in a crowded ger, a felt tent that many Mongolian nomads call home, Khagvadorj said dwindling pastures were having to support bigger and bigger herds as land concessions are handed over to miners.

"We are nomads, and we move from one place to another -- the mining stops us from moving around. Mining is not a good thing for us because it is spoiling our pastoral land."

SWITZERLAND OF THE TWENTY-FIRST CENTURY?

Tsagaan said mining, if managed properly, could bring in enough tax revenue to provide the education, infrastructure and prosperity that can turn Mongolia into "the Switzerland of the twenty-first century".

But turning a basic resource economy to high-end banking and manufacture centre is a big leap for a country of 2.8 million people and a per capita income of $3,600 in 2010, and analysts say its future is more closely linked with China.

Mongolia, landlocked between Russia and China, exports all of its coal to its southern neighbour, China, and has long been wary of becoming a satellite valued only for its resources.

Chuluuntseren Otgochuluu, the director of Mongolia's Economic Policy and Competitiveness Research Centre, an independent think tank, said mining had done little for Mongolia and was "far more integrated with the Chinese economy than the domestic economy".

Political leaders are sensitive to the issue and talk about "adding value" to raw material processing and developing other exports such as meat and other traditional rural industries.

"People talk about the resource curse, and we should learn from others, from the successes and from those who made mistakes," Prime Minister Sukhbaatar Batbold told Reuters.

But as increasing numbers of herders abandon the land and rush to the city, Mongolia is racing to devise the right mix of policies to preserve its old ways of life, said Clyde Goulden, a Mongolian ecology expert with the U.S. National Academy of Sciences.

"Herders tell us that mines are really causing a problem and that the water is deteriorating," he said. "There is no question there are herders giving up herding, and the question then is what are they going to do?" 

Link to article

 

<Mogi & Friends Fund A/C>

-1%

Mogi & Friends Fund is a tiny fund of A$23K I created in late September with a few friends to put my own (and a few friends’) money where my mouth (just mine) is.

Mogi

 

Table: Mongolia Related Stocks (Source: Bloomberg)

 

Name

Symbol

$

Price

Change

+-%

Open

High

Low

Volume

Time

% YTD

% 12 month

Indices

S&P/ASX 200

AS51:IND

3,903.20

-61.70

-1.56%

3,946.00

3,968.30

3,882.20

-

23-Sep

 

 

Nikkei 225

NKY:IND

17,668.83

-243.12

-1.36%

17,585.79

17,813.57

17,373.41

-

23-Sep

 

 

Hang Seng

HSI:IND

8,560.26

-180.90

-2.07%

8,643.02

8,643.02

8,545.46

-

22-Sep

 

 

FTSE 100

UKX:IND

5,066.81

25.20

0.50%

5,041.61

5,105.38

4,928.14

-

23-Sep

 

 

S&P/TSX Composite

SPTSX:IND

11,462.87

-99.64

-0.86%

11,373.14

11,557.58

11,355.82

-

23-Sep

 

 

S&P 500

SPX:IND

1,136.43

6.87

0.61%

1,128.82

1,141.72

1,121.36

-

23-Sep

 

 

ASX

Aspire Mining

AKM:AU

A$

0.485

-0.015

-3.00%

0.47

0.485

0.445

1,001,013

23-Sep

1.04%

259.26%

Blina Minerals

BDI:AU

A$

0.011

0

0.00%

0.01

0.011

0.01

522,488

23-Sep

-26.67%

-31.25%

C@

CEO:AU

A$

0.064

0.001

1.59%

0.055

0.064

0.052

5,849,470

23-Sep

128.57%

255.56%

General Mining

GMM:AU

A$

0.14

-0.01

-6.67%

0.13

0.14

0.13

85,300

23-Sep

16.67%

-15.15%

Guildford Coal

GUF:AU

A$

0.975

-0.055

-5.34%

1

1.06

0.89

730,174

23-Sep

33.56%

146.84%

Haranga Resources

HAR:AU

A$

0.245

0

0.00%

0.21

0.25

0.21

290,377

23-Sep

-61.72%

 

Hunnu Coal

HUN:AU

A$

1.665

-0.025

-1.48%

1.655

1.67

1.635

2,055,223

23-Sep

24.72%

85.00%

Mongolian Resource

MUB:AU

A$

0.24

0

0.00%

0.24

0.24

0.24

0

22-Sep

 

20.00%

TVN Corp.

TVN:AU

A$

0.048

-0.003

-5.88%

0.048

0.05

0.045

3,374,714

23-Sep

380.00%

860.00%

Voyager Resources

VOR:AU

A$

0.078

-0.006

-7.14%

0.08

0.081

0.077

17,469,991

23-Sep

45.45%

461.04%

Xanadu Mines

XAM:AU

A$

0.44

-0.025

-5.38%

0.44

0.44

0.42

288,077

23-Sep

-22.12%

 

HKEx

Solartech Int’l

1166:HK

HKD

0.204

-0.014

-6.42%

0.21

0.218

0.19

6,976,000

23-Sep

-78.75%

-66.00%

Winsway

1733:HK

HKD

1.6

-0.08

-4.76%

1.64

1.66

1.55

12,948,000

23-Sep

-64.40%

 

SouthGobi Resources

1878:HK

HKD

56.3

-6.7

-10.63%

58

58

55

182,950

23-Sep

-43.42%

-25.08%

China Gold

2099:HK

HKD

24.9

-2.55

-9.29%

26.1

26.1

24.3

217,700

23-Sep

-40.71%

 

CNNC Int’l

2302:HK

HKD

2.49

0.21

9.21%

2.28

2.5

2.2

853,000

23-Sep

-71.38%

-59.51%

Mongolia Energy

276:HK

HKD

0.51

-0.01

-1.92%

0.51

0.52

0.46

15,600,785

23-Sep

-78.02%

-83.60%

Zijin Mining

2899:HK

HKD

2.49

-0.21

-7.78%

2.65

2.65

2.34

95,225,195

23-Sep

-47.21%

-34.61%

Mongolia Inv Group

402:HK

HKD

0.048

-0.004

-7.69%

0.05

0.05

0.047

36,744,000

23-Sep

-67.57%

-70.00%

North Asia Resources

61:HK

HKD

0.485

-0.01

-2.02%

0.45

0.495

0.45

35,000

23-Sep

-46.70%

-64.07%

Bestway Int’l

718:HK

HKD

0.045

0.002

4.65%

0.045

0.045

0.045

20,000

23-Sep

-68.09%

-74.43%

Asia Coal

835:HK

HKD

0.095

0

0.00%

0.076

0.097

0.076

1,130,000

23-Sep

-62.00%

-52.50%

Mongolian Mining

975:HK

HKD

7.59

-0.14

-1.81%

7.59

7.79

7.5

3,271,000

23-Sep

-16.32%

 

SGX

LionGold

LIGO:SP

SGD

0.865

-0.01

-1.14%

0.87

0.87

0.86

8,149,000

23-Sep

18.49%

108.43%

LSE

Central Asia Metals

CAML:LN

GBp

73

0

0.00%

73

73

73

2

23-Sep

-19.11%

 

Petro Matad

MATD:LN

GBp

42.5

4.5

11.84%

38

43

38

654,181

23-Sep

-65.16%

-76.90%

Metal-Tech

MTT:LN

GBp

9.25

-0.5

-5.13%

9.75

9.75

9.25

10,091

23-Sep

-40.32%

-35.09%

Origo Partners

OPP:LN

GBp

36.25

0.375

1.05%

35.875

36.25

35.875

45,000

23-Sep

-11.59%

23.93%

North

America

Aberdeen Int’l

AAB:CN

CAD

0.66

-0.05

-7.04%

0.68

0.68

0.61

303,369

23-Sep

-18.38%

47.27%

Blue Zen Mem. Parks

BZM:CN

CAD

0.22

-0.065

-22.81%

0.22

0.22

0.22

5,000

23-Sep

 

 

Centerra Gold

CG:CN

CAD

20.64

-2.25

-9.83%

22.01

22.25

19.82

1,014,965

23-Sep

6.26%

23.50%

China Gold

CGG:CN

CAD

3.08

-0.19

-5.81%

3

3.19

2.96

841,163

23-Sep

-43.28%

-25.96%

Denison Mines

DML:CN

CAD

1.19

-0.08

-6.30%

1.25

1.26

1.19

1,657,733

23-Sep

-65.10%

-28.31%

Denison Mines

DNN:US

$

1.17

-0.07

-5.65%

1.22

1.24

1.15

1,585,130

23-Sep

-65.79%

-28.66%

East Asia Minerals

EAS:TN

CAD

0.66

-0.08

-10.81%

0.72

0.72

0.66

10,700

23-Sep

-91.86%

-88.53%

Entree Gold

EGI:US

$

1.81

-0.1

-5.24%

1.82

1.94

1.78

138,681

23-Sep

-47.69%

-32.96%

Erdene Resource

ERD:CN

CAD

0.46

-0.015

-3.16%

0.48

0.53

0.46

197,800

23-Sep

-62.90%

-4.17%

Entree Gold

ETG:CN

CAD

1.88

-0.06

-3.09%

1.89

1.98

1.84

86,060

23-Sep

-45.82%

-32.37%

Fortress Minerals

FST:TN

CAD

5.21

0

0.00%

0

8-Jun

 

 

Garrison Int’l

GAU:TN

CAD

0.04

0

0.00%

0.04

0.04

0.04

0

19-Sep

 

-42.86%

Gulfside Minerals

GMG:TN

CAD

0.1

0

0.00%

0.1

0.1

0.1

0

21-Sep

 

 

Green Tech Solutions

GTSO:US

$

0.0841

-0.0159

-15.90%

0.11

0.11

0.0815

273,052

23-Sep

 

-97.90%

Ivanhoe Energy

IE:CN

CAD

1.1

-0.02

-1.79%

1.12

1.15

1.1

437,532

23-Sep

-59.56%

-41.18%

Ivanhoe Energy

IVAN:US

$

1.09

-0.03

-2.68%

1.12

1.13

1.07

845,160

23-Sep

-59.93%

-40.44%

Ivanhoe Mines

IVN:CN

CAD

16.51

-0.09

-0.54%

15.97

16.53

15.88

1,713,956

23-Sep

-28.22%

-27.78%

Ivanhoe Mines

IVN:US

$

16.01

-0.13

-0.81%

15.6

16.08

15.41

2,700,743

23-Sep

-30.15%

-28.25%

Kincora Copper

KCC:TN

CAD

0.45

0.045

11.11%

0.45

0.45

0.45

100

23-Sep

 

 

Khan Resources

KRI:CN

CAD

0.26

0.005

1.96%

0.265

0.265

0.26

324,750

23-Sep

-45.83%

-37.35%

Long Harbour

LHC:TN

CAD

0.35

0

0.00%

0

10-Mar

 

 

Lucky Strike

LKY:TN

CAD

0.65

0.01

1.56%

0.62

0.65

0.62

5,000

23-Sep

 

 

Meritus Minerals

MER:TN

CAD

0.04

0

0.00%

0.045

0.045

0.04

0

22-Sep

 

-83.33%

Manas Petroleum

MNAP:US

$

0.205

0

0.00%

0.205

0.205

0.2

48,250

23-Sep

-65.83%

-61.32%

Blue Wolf Mongolia

MNGL:US

$

9.58

0

0.00%

9.65

9.65

9.58

0

13-Sep

 

 

Blue Wolf Mongolia

MNGLU:US

$

10.25

0

0.00%

10.25

10.25

10.25

0

22-Sep

 

 

Manas Petroleum

MNP:TN

CAD

0.43

0

0.00%

0

10-May

 

 

Prophecy Coal

PCY:TN

CAD

0.5

-0.06

-10.71%

0.55

0.57

0.49

271,560

23-Sep

-42.74%

15.66%

Puget Ventures

PVS:TN

CAD

0.36

0

0.00%

0

6-Aug

 

 

SouthGobi Resources

SGQ:CN

CAD

6.65

-0.86

-11.45%

7.26

7.29

6.39

869,738

23-Sep

-45.40%

-33.17%

Solomon Resources

SRB:TN

CAD

0.115

0

0.00%

0.115

0.115

0.115

5,000

23-Sep

 

 

Wedge Energy

WEG:CN

CAD

0.015

0

0.00%

0

3-Aug

 

 

Mongolia Growth Group

YAK:CN

CAD

4.59

0

0.00%

4.46

4.59

4.38

16,100

23-Sep

 

 

 

 

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