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Tuesday, August 31, 2010

[cpsnewswire] [CPS NewsWire, Tuesday, August 31, 2010]

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 +976-9999-6779.

 

 

 

Petro Matad spuds DT2-exploration well to follow up discovery

 

August 31 (Proactive Investors – UK) Petro Matad (LON:MATD) told investors that it has ‘spudded’ its second exploration well on Block XX in Eastern Mongolia. The well will follow-up the Davsan Tolgoi-1 (DT1) oil discovery.

Davsan Tolgoi-2 (DT2) was spudded on the 28th August and the company expects to reach the 1,300m target depth in around 25 days. DT2 is the second of a three-well 2010 exploration campaign.

Back in July, DT-1 encountered a 71m thick section of the targeted ‘Tsagaantsav formation’.

 

The entire 71m section of the Tsagaantsav Formation contained oil shows and elevated mud gas, with indications of live oil through six sandstone and conglomerate units totalling about 35 metres in aggregate.

With DT2 targeting the major Davsan Tolgoi prospect on the same structure as DT-1, Petro Matad aims to improve its understanding of the XX block’s primary prospect.

Petro Matad expects to carry-out production testing on one of 2010’s three wells. 

Elsewhere in Mongolia, on Blocks IV and V, a 2D seismic survey is now two-thirds complete. 

London-based stockbroker, Westhouse Securities said that Petro Matad’s decision to relocate DT2 was ‘sensible’, and it would give the company better understanding of the discovery’s potential. The stockbroker also emphasised that the preliminary 2D data is encouraging.

Westhouse reiterated its ‘buy’ recommendation which targets 200p.

 

Link to article

 

(LON:MATD closed at 158.3p on Friday. LSE was closed on Monday. To trade MATD shares, feel free to contact us at mogi@cpsinternational.mn)

 

 

 

NYSSA Holds First Mongolia Investment Conference

 

August 30, NEW YORK--(BUSINESS WIRE)--The New York Society of Security Analysts (NYSSA) will hold its first conference on investing in Mongolia. Regional experts will discuss the country’s economic outlook and investment potential, and executives from Mongolian public companies will discuss their businesses.

 

Where are the best investment opportunities in Mongolia today? Hear directly from experts from the following companies:

 

  • KHAN BANK
  • SouthGobi Resources Ltd (TSX:SGQ | HKEx:1878)
  • Petro Matad Limited (AIM: MATD)
  • Erdenes MGL
  • Prophecy Resource Corp. (TSX-V: PCY | OTC: PRPCF | Frankfurt: 1P2)
  • Hunnu Coal (ASX: HUN)
  • Newcom Group
  • Mongolia Development Resources (ticker: MDR MO)

 

Mongolia Investment Conference is sponsored in part by KHAN BANK and BODHI Financial Advisory Services. Additional sponsors are Mine Info, Prophecy Resource Corp, SouthGobi Resources Ltd, and Tanan Impex LLC.

 

The conference will be held on September 23, 2010 from 8:30 a.m.–4:45 p.m., with a cocktail reception sponsored by KHAN BANK from 4:45 p.m.–5:45 p.m. Both are at NYSSA’s headquarters: 1540 Broadway, Suite 1010, New York, NY 10036.

 

Please visit www.nyssa.org/mongolia for a detailed event description and registration information.

 

Link to article

 

 

 

Banks have until tomorrow to disclose shareholding information

 

August 30 (news.mn) N.Zoljargal, Vice President of the Mongolbank, has given commercial banks until the end of August to reveal the identity of their principal shareholders, the pattern of shareholding and similar details enjoined by law. After that date, the Mongolbank will be free to disclose these from its own records. 

 

Link to article

 

 

 

KHAN BANK BECOMES FINANCIAL LEASING PROVIDER FOR AGRARIANS

 

August 31, Ulaanbaatar, Mongolia, /MONTSAME/ The Khan Bank has started providing financial leasing services. On Tuesday, one of the leading supplier companies in agriculture, Agromashtech LLC, signed a cooperation agreement with Khan bank. 

 

Agromashtech LLC undertakes trade, services and technical trainings of agricultural equipments such as harvester combine, tractor, agricultural trailers, swing machines, watering, rise cleaning and loading equipment and their spare parts. This is one of the first companies to set up the technical innovation of " Atar-3" program in support of cultivation, which has been implemented by the Government. 

Khan Bank also offers its financial leasing services to businesses operating in mining, road and construction industries.

 

Link to article

 

 

 

Okada Reiterates Interest in Mongolian Resources

 

August 30, Tokyo (PanOrient News) -- Following his visit to Beijing, Japanese Foreign Minister Katsuya Okada flew to Ulan Bator to meet his counterpart Gombojav Zandanshatar as well as Mongolian President Tsakhiagiin Elbegdorj.

This was the first visit of a Japanese foreign minister to Mongolia in six years.

At the meeting with Mr. Zandanshatar, Okada reiterated Japan's strong interest in participating in the exploitation of Mongolia's coal, copper, and uranium resources.

Mongolia, in turn, is expected to work to establish a better investment environment for Japanese companies.

 

Several Japanese companies are already involved in the mining sector, but both parties appear to desire Japan's deeper involvement.

Despite the flurry of high-level visits between Japan and Mongolia in the past month or two, a Japanese government official told PanOrient News that it does not signify any major new development, but is rather part of the "normal" friendly discourse between the two nations.

Link to article

 

Related article:

 

Xinhua: Mongolia, Japan vow to boost partnership

 

 

 

MONGOLIA AND JAPAN: WE WANT TO FORWARD BILATERAL COOPERATION

 

August 31, Ulaanbaatar, Mongolia, /MONTSAME/ The Minister of Foreign Affairs of Japan Mr. Katsuya Okada paid an official visit to Mongolia August 29-30 at invitation of G.Zandanshatar, the Foreign Minister of Mongolia.

The Ministers pointed out that they want to widen the bilateral comprehensive partnership cooperation taking into account importance, content and development of the ties between the countries. In addition, they exchanged views on possibility of establishing an economic partnership agreement. 

Link to article

 

 

 

Inspection reports 190 mining companies responsible for 474 violations

 

August 30 (news.mn) The State Special Inspection Agency recently made a detailed study over six weeks of how mining license holding companies complied with rules and regulations, especially as related to environmental protection and reclamation, the land law, and the water law. The exercise was undertaken on a special request from the Minister of Nature, Environment, and Tourism, who had also demarcated the parameters of the enquiry.

 

Dornod, Sukhbaatar, and Khentii provinces were kept outside the purview of the inspection. Around 190 companies in other provinces were detected as having committed 474 violations ranging from operating without a license, to operating in areas where no archeological survey has been made, to operating without any water utilization agreement, and making no rehabilitation work.

 

Link to article

 

 

 

Gold mining in Orkhon basin asked to stop

 

August 30 (news.mn) Following a recent 15-day visit to the area by a working group jointly constituted by the State Professional Inspection Agency and the Ministry of Nature, Environment, and Tourism, all gold mining companies in the Orkhon river basin have been asked to temporarily suspend extraction work. The team  found the river to be heavily polluted and also discovered that many of the companies active near several streams and rivers that flow into the Orkhon and now blamed for causing substantial surface water pollution have been operating without proper permission.

 

Among the major offenders are companies like Mongol Gazar, Keonarda, Altan Yondoo, Etots, Domogt Sudar, Urnult Sudar and Kenalkhap. The violations by Mongol Gazar have been found to be so widespread that the local government has been asked to review these to see if the company’s license should not be altogether canceled. There are strong demands from the people for heavy penalties to be imposed on the deliberately careless companies.

 

Link to article

 

 

 

Vietnam, Mongolia expect US$12 million in trade

 

Vietnam and Mongolia have agreed to set up their business associations with the aim of obtaining US$12 million in two-way trade by 2012.

 

August 30 (VOV News) The agreement was made during the 14th session of the Mongolia-Vietnam Inter-governmental Committee on economic, trade and scientific-technological cooperation held in Ulan Bato from August 26-29.

 

The Mongolian side was led by Tunjin Badamjunai, Minister for Food Agriculture and Light Industry and Chairman of the sub-committee. The Vietnamese side was headed by Ho Xuan Hung, Deputy Minister of Agriculture and Rural Development and Chairman of the sub-committee.

They stressed that during the upcoming visit to Vietnam by the Mongolian Chairman of National Assembly in December, the two sides are expected to sign an agreement on cooperation in education and training for the 2011-2005 period and a protocol on hygiene and food safety quarantine for meat products.

Two-way trade between Vietnam and Mongolia reached US$9.8 million in 2009.

 

Link to article

 

 

 

WORKING GROUP IS SET UP TO INVESTIGATE LAWS' REALIZATION

 

August 31, Ulaanbaatar, Mongolia, /MONTSAME/ A working group has been set up pursuant to an order of parliament Speaker D. Demberel to investigate realization of the laws "On lands", "On auto roads", "On urban development" and "On purchasing products with money of state and local capitals" and to get au fait with a course of road construction which is underway in Ulaanbaatar with capital of the state budget of 2010. Proposals will be worked out to take some measures in accordance with the order. 


Headed by N. Bayar MP, the group comprises G.Batkhuu, R. Bud, S. Byambatsogt, D. Zorigt and D. Terbishdagva MPs. On Monday, the working group gathered and then met authorities of related Ministries, agencies and the city's administration to share views on implementation of the above laws, discuss present situation in this sector and further approaches.

 

Link to article

 

 

 

Doray Minerals Acquires Strategic Gold Projects From Aspire Mining

 

August 27 (Proactive Investors-AU) Perth-based Doray Minerals (ASX: DRM) has reached agreement with Aspire Mining (ASX: AKM) to purchase its “Black Tank Well” and “Tuckanarra” gold projects in the Southern-Central Murchison region of Western Australia, issuing Aspire 200,000 fully paid Doray shares.

The Black Tank Well project is adjacent to Doray’s existing Webbs Patch gold project and covers the southern continuation of the highly prospective Tuckabianna-Webbs Patch greenstone belt.

 

This belt hosts over 1 Million ounces of gold and numerous recent discoveries by Silver Lake Resources (ASX: SLR), including at “Genesis”. Silver Lake has recently announced the purchase of a mill, to be located at Tuckabianna, to facilitate production from their Murchison properties.

In addition to Black Tank Well, Doray has also purchased from Aspire a number of tenements in the Tuckanarra area, approximately 50km north east of Cue and adjacent to the Great Northern Highway

 

Link to article

 

(AKM closed at up 0.5c or 7.14% to 7.5c on ASX today, August 30, 2010. Link to AKM’s stock performance chart here

 

Link to the official ASX release here

 

Links to latest updates on AKM’s Mongolian projects:

 

Ovoot coking coal project: click here

 

Shanagan coal project: click here

 

 

 

Paterson Securities’ Tony Locantro Talks GMM

 

WE always look forward to the client bulletins from Tony Locantro at Patersons Securities. You always know where you stand with Tony's views.

 

August 30 (excerpt from The Australian) --

He (Tony Locantro) has also been one of the few analysts who have taken an interest in General Mining (GMM), which has picked up projects in Mongolia.

 

One of these is the Uvs potash project, and Locantro notes it being "very close to China".

 

Actually, the significant point is that Uvs is about as far away from China as you can get in Mongolia. It's on the border with Russia and part of it is inaccessible -- being in the 15km-wide restricted border zone.

 

GMM, which will start drilling at Uvs within a few weeks, does not want to be dependent on the Chinese market, forced to take whatever prices it can get if that was the only option, something that would apply if the only transport links ran southwards.

 

Instead, there is a sealed highway running close to the project which connects the area with the Russian city of Kyzyl to the north. A new railway is being built to that city (and a nearby 21 billion tonne coking coal deposit) which will link with the trans-Siberian line.

 

This means that GMM, should its potash project be viable, has the option of railing to ports on the Russian Pacific coast or European customers.

Link to article

 

Link to GMM Investor Presentation, August 26, 2010 here

 

 

 

Australia

 

Close: Shares of Mongolia Related ASX Listed Companies, August 31, 2010

 

Code

Last https://myasx.asx.com.au/images/price_unchanged.gif

$ +/-

Bid

Offer

Open

High

Low

Volume

Chart

SBL

 0.018  No change

 0.000

 0.017

 0.018

 0.018

 0.018

 0.018

 4,384,726

https://myasx.asx.com.au/images/chart.gif

RVE

 0.180  Down

 -0.005

 0.180

 0.190

 0.185

 0.185

 0.170

 469,334

https://myasx.asx.com.au/images/chart.gif

HUN

 0.890  Down

 -0.010

 0.865

 0.895

 0.900

 0.900

 0.865

 124,418

https://myasx.asx.com.au/images/chart.gif

MDA

 0.018  No change

 0.000

 0.018

 0.020

 0.018

 0.020

 0.018

 9,092,825

https://myasx.asx.com.au/images/chart.gif

AVB

 0.022  No change

 0.000

 0.021

 0.022

 0.021

 0.022

 0.021

 5,524,999

https://myasx.asx.com.au/images/chart.gif

PSF  *

 0.076  Up

 0.004

 0.074

 0.076

 0.071

 0.076

 0.071

 639,386

https://myasx.asx.com.au/images/chart.gif

PEL  *

 0.120  No change

 0.000

 0.105

 0.120

 0.000

 0.000

 0.000

 0

https://myasx.asx.com.au/images/chart.gif

RES

 0.545  Down

 -0.015

 0.545

 0.550

 0.560

 0.560

 0.545

 23,194

https://myasx.asx.com.au/images/chart.gif

HOR

 0.190  Down

 -0.005

 0.190

 0.200

 0.180

 0.190

 0.180

 36,280

https://myasx.asx.com.au/images/chart.gif

VOR

 0.014  No change

 0.000

 0.013

 0.014

 0.015

 0.015

 0.014

 2,237,857

https://myasx.asx.com.au/images/chart.gif

LEI

 30.700  Down

 -0.290

 30.700

 30.990

 30.560

 30.980

 30.560

 854,365

https://myasx.asx.com.au/images/chart.gif

AKM

 0.072  Down

 -0.003

 0.072

 0.078

 0.072

 0.072

 0.072

 140,000

https://myasx.asx.com.au/images/chart.gif

GMM

 0.130  No change

 0.000

 0.130

 0.145

 0.130

 0.130

 0.130

 41,790

https://myasx.asx.com.au/images/chart.gif

LRL

 0.185  No change

 0.000

 0.185

 0.195

 0.000

 0.000

 0.000

 0

https://myasx.asx.com.au/images/chart.gif

An * next to the security code indicates there has been an announcement today relating to that security. Click on the * to view the list of today's announcements.

 

Source: asx.com.au

 

 

 

Shares sink as global fears weigh

 

August 31 (AAP) Close. Australian shares fell more than 1 per cent today, erasing part of Monday's gains as investors shied away from risk and pushed down the big miners and banks on worries about a shaky global economic recovery.

At the close, the benchmark S&P/ASX200 index was down 48.5 points, or 1.1 per cent, at 4404.2, while the broader All Ordinaries Index dropped 44.3 points, or 1 per cent, to 4438.8.

 

Among the sectors, energy shares slumped 1.6 per cent, while financials and materials both shed 1.1 per cent. Gold shares bucked the trend, gaining 2.3 per cent.

 

For the month, the market dropped of 2 per cent after rising 4.5 per cent in July.

 

need2know:


- Japan shares plunge to 16-month low
- European shares sink 1.5% in early trading
- The dollar slips to 89.3 US cents
- Oil falls below $US74 amid profit-taking
- Gold hovers around $US1236
- Dow futures are 51 points lower at 9928

 

Analysts said the market was simply following Wall Street's direction and concerns about the fragile US economy, despite the relative strength of the Australian econom

 

Stronger than expected retail sales and building data helped lift the market off its lows briefly, but retailers soon lost their gains.

The big miners dragged the local market lower.

 

BHP Billiton closed down 82 cents, or 2.2 per cent, at $37.05, while Rio Tinto ended 92 cents lower at $70.09.

 

The major banks were also weaker, with Westpac the worst performer, down 63 cents, or 2.8 per cent, at $21.70.

Preliminary national turnover reached 1.73 billion shares worth $5.87 billion, with 595 stocks down, 416 up, and 350 unchanged. There were about five companies down for every company up in the S&P/ASX50.

 

Link to article

 

 

 

Mining tax, GFC hit Runge's bottom line

 

August 30 (Queensland Business Review) Uncertainty surrounding the proposed resources super profits tax and challenging, post-GFC operating environment has seen Runge’s revenue drop by $4 million.

FY10 results out today show the mining technology services company achieved revenue of $79 million, compared to $83 million last year.

It also recorded EBITA of $5.8 million (FY09: $12.7 million); NPAT of $2.3 million (FY09: $7.9 million); and earnings per share of 1.8 cents (FY09: 6.4 cents)

Runge’s Managing Director Tony Kinnane admits the result is “poor”, but says he has employed a strategy to get the company back on track.

INDUSTRY UNCERTAINTY

 

According to Kinnane, a key factor which is fuelling uncertainty within the wider mining industry is the current state of Australia’s government, and its subsequent policies.

INTERNATIONAL OPPORTUNITY

“I’m not particularly bullish about Australia,” he says.

Markets currently showing the most promise include Hong Kong and Beijing, in Kinnane's view.

“The Asian markets in general are very good. This is one of the reasons we have established in Ulaanbaatar in Mongolia,” he says.

Link to article

 

 

 

China

 

Top China rare earth producer to build stockpile

 

* Top rare earth producer likely to turn out 55,000 T this yr

* Likely to stockpile 5,000 tonnes

 

HONG KONG, Aug 27 (Reuters) - China's top rare earth producer, Inner Mongolia Baotou Steel Rare-Earth (600111.SS), is likely to use 9 percent of this year's production to build a stockpile that could grow to up to 200,000 tonnes.

 

The firm is expected to produce about 55,000 tonnes of rare earth oxides this year, flat from last year.

 

But the regional government of Inner Mongolia has allowed it to supply just 50,000 tonnes to market, as part of Beijing's effort to preserve the resource used in high-tech industries, a source familiar with the matter said on Friday.

 

"You can assume the extra output of 5,000 tonnes will be put into the stockpile," the source, who did not want to be named for lack of authorisation to speak to the media, told Reuters.

Strong Chinese domestic prices could discourage producers from exporting the rare earths, of which China is the world's dominant supplier with more than 90 percent of the global market.

 

Rare earths are a group of 17 metals used in a wide range of new technologies from hybrid cars to wind turbines.

After extracting iron from the ores, the parent provides the subsidiary with the residues, a strategy that makes it tough for Baotou Steel Rare-Earth to control annual production, Lan said.

Rare earth oxides contain an average of 83 percent of metal in China. 

 

Link to article

 

 

 

Illegal Coal Trucking to Blame for Eleven-Day China Traffic Jam

 

August 30 (Alttransport) If only there were a single rash driver whose license could be taken away for causing China’s massive traffic jam, which ended last week. But a much more sinister culprit is to blame; coal.

 

The Christian Science Monitor last week reported that the main reason why traffic eventually stretched for more than 60 miles is because trucks loaded with illegal coal were using the road to bypass inspectors.

 

With mines in the province of Shanxi either closed or operating below capacity, the article said, mines in Inner Mongolia are being tapped to meet the rampant energy demands of Beijing, China’s capital and largest city. Truck drivers chose the G110 freeway to transport their cargo because there are no coal inspectors on the road, and no bribes must be paid. It seems that everyone had the same idea at the same time.

Link to article

 

 

 

Global

 

Stocks, U.S. Futures Fall on Growth Concern; Franc Strengthens

 

Aug. 31 (Bloomberg) -- Stocks fell for a second day, heading for the worst month since May, and U.S. index futures dropped on concern economic reports today will add to evidence the recovery is flagging. Treasuries and bunds gained, while the Swiss franc strengthened to a record against the euro.

 

The MSCI World Index slipped 0.7 percent at 11:25 a.m. in London, extending this month’s decline to 4.3 percent. Standard & Poor’s 500 Index futures decreased 0.3 percent. The 10-year Treasury yield lost 3 basis points to 2.51 percent, and the German bund yield slid 2 basis points to 2.11 percent. The Swiss franc appreciated against all 16 of its major peers. Oil retreated for a second day and corn fell 1.2 percent.

Link to article

 

 

 

Asian Stocks Fall as U.S. Data Fuels Economic Growth Concern

 

Aug. 31 (Bloomberg) -- Asian stocks fell the most in three weeks as slower-than-estimated growth in U.S. incomes fueled concern the economic recovery may falter. Japanese shares led declines on concern the government’s latest policy efforts will fail to rein in the yen and boost domestic growth.

The MSCI Asia Pacific Index fell 1.7 percent, the most since Aug. 11, to 116.27 as of 7:20 p.m. in Tokyo. The gauge has declined 2.4 percent this month, the biggest monthly loss since May. The index has slumped 5 percent from a three-month high on Aug. 6 on concern economic growth in the U.S., Europe and China will slow.

 

“Investors are quite pessimistic given concerns of a slowdown in the U.S.,” said Yoji Takeda, who helps manage about $1.1 billion at RBC Investment (Asia) Ltd. in Hong Kong. “In Japan, people are worried that the yen’s strength will hurt exports. It seems the government policy to stem the currency’s appreciation is behind the curve.”

 

‘Too Late’

 

Japan’s Nikkei 225 Stock Average dropped 3.6 percent, the biggest decline among Asia-Pacific gauges, amid concern the central bank is acting too slowly to stem the yen’s advance. The decision to expand the BOJ’s lending facility was “too little and too late,” former central bank policy board member Nobuyuki Nakahara said yesterday.

 

Australia’s S&P/ASX 200 Index lost 1.1 percent. China’s Shanghai Composite Index dipped 0.5 percent, while Hong Kong’s Hang Seng Index dropped 1 percent. South Korea’s Kospi Index declined 1 percent.

 

India’s Sensitive Index fell 0.3 percent amid concern accelerating economic expansion may prompt the central bank to raise borrowing costs. The economy grew 8.8 percent in the three months through June from a year earlier, the Central Statistical Organisation reported. That’s the fastest pace in 2 1/2 years.

Futures on the U.S. Standard & Poor’s 500 Index lost 0.3 percent today. The index slipped 1.5 percent yesterday after a government report showed income growth failed to keep up with the biggest increase in consumer spending since March.

Link to article

 

 

 

Gold Rallying to $1,500 as Soros’s Bubble Inflates 

 

Aug. 31 (Bloomberg) -- Investors are accumulating enough bullion to fill Switzerland’s vaults twice over as gold’s most- accurate forecasters say the longest rally in at least nine decades has further to go no matter what the economy holds.

 

Analysts raised their 2011 forecasts more than for any other precious metal the past two months, predicting a 10th annual advance, data compiled by Bloomberg show. The most widely held option on gold futures traded in New York is for $1,500 an ounce by December, or 18 percent more than the record $1,266.50 reached June 21. Holdings through bullion-backed exchange-traded products are already at more than 2,075 metric tons, within 0.1 percent of the all-time high.

‘Fear Another Crisis’

 

People “fear another crisis and so they will diversify into gold,” said Thorsten Proettel, an analyst at Landesbank Baden-Wurttemberg in Stuttgart, Germany, who was also the most- accurate forecaster in the first quarter. He expects gold to trade as high as $1,350 next year. Anne-Laure Tremblay, an analyst at BNP Paribas SA in London whose forecast was also the best in the period, is estimating a 2011 high of $1,370.

Link to article

 

 

 

Misc

 

The 2010 Population and Housing Census To Start in mid November

 

August 31 (UB Post) Mongolia is to count its population and houses starting from November 11 and completing on November 17, 2010.

Link to article

 

 

 

Abu Dhabi to help Mongolian falcons to spread their wings

 

(different article on news reported on previous issue)

 

August 29 (The National, UAE) ABU DHABI // With financial support from Abu Dhabi, conservationists have started to build the first of 5,000 artificial nests in the Mongolian steppes in a bid to increase the number of breeding Saker Falcons.

Link to article

 

 

 

Mongolia reports outbreak of bird disease "Newcastle"

 

ULAN BATOR, Aug. 30 (Xinhua) -- Mongolian State Emergency Commission on Monday announced an outbreak of contagious bird disease "Newcastle," the first time in the country's history.

 

The outbreak occurred at a commercial chicken farm in the Ulan Bator region. Chicken death was reported at the farm 10 days ago and experts confirmed the outbreak, tentatively concluding the disease was transmitted from chicken feed.

 

So far about 50 chicken on the farm have died. A total of 1,600 eggs will be confiscated and destroyed, 4,847 chicken be slaughtered and the farm is to be disinfected, according to a decree of the State Emergency Commission.

 

There are a total of about 270,000 chicken in chicken farms of the Ulan Bator region. Currently, quarantine has been imposed in all chicken farms and mobile patrols have been set up around the area.

 

Link to article

 

(Mogi: to ease our readers’ concern, Newcastle disease, when transmitted to humans, causes only influenza-like symptoms, otherwise poses no hazard to human health, according to its Wikipedia page)

 

 

---

"Mogi" Munkhdul Badral

Executive Director

CPS International

Email: mogi@cpsinternational.mn

Mobile: +976-99996779

 

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 +976-9999-6779.