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Wednesday, December 28, 2011

[CPSI NewsWire: MMC Surpasses Its 2011 Annual Production Target]

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

 

Mongol Mining (00975) UHG deposit meets annual output target (, targeting 10.7Mt in 2012)

December 28 (ET Net) Mongolian Mining (00975) said its mine operating at the Ukhaa Khudag deposit located in the Tavan Tolgoi coalfield (UHG deposit) has achieved its 2011 annual production target of 7 million tonnes of run-of-mine coal. 

The 2011 production was about 80% higher than last year's 3.9 million tonnes. Moreover, as last quarter's average monthly production at the UHG deposit reached about 900,000 tonnes of ROM coal, Mongolian Mining is confident that it will be able to achieve its target of around 10.7 million tonnes by 31 December 2012.

Link to article

Link to MMC release

 

Banpu Completes 100% Acquisition of Hunnu Coal

December 28 (Mogi) Banpu has notified the market of its 100% acquisition of Hunnu Coal Limited via compulsory acquisition of the remaining shares. Banpu also notified that Hunnu will shortly be removed from the official of ASX.

Link to Notice

 

HAR closed -1c to 29c

Credit Suisse Ceasing to be Substantial Holder in Haranga

December 28 (Mogi) Credit Suisse has notified the market of ceasing to be substantial holder in Haranga Resources Limited (ASX:HAR) on December 23.

Link to Notice

 

China Daye: (1) SECOND SUPPLEMENTAL AGREEMENT TO THE ACQUISITION AGREEMENT IN RELATION TO VERY SUBSTANTIAL ACQUISITION AND CONNECTED TRANSACTION REVERSE TAKEOVER INVOLVING A NEW LISTING APPLICATION AND APPLICATION FOR WHITEWASH WAIVER (2) CONTINUING CONNECTED TRANSACTIONS AND (3) DESPATCH OF CIRCULAR

December 23, China Daye Non-Ferrous Metals Mining Limited (HK:661) --

SECOND SUPPLEMENTAL AGREEMENT TO THE ACQUISITION AGREEMENT

On 23 December 2011, the Company, the Parent Company, China Times and Cinda entered into the Second Supplemental Agreement, pursuant to which (i) the parties agreed to extend the Long Stop Date to 30 June 2012; and (ii) the Non-competition Undertaking given by the Parent Company to the Company was amended.

CONTINUING CONNECTED TRANSACTIONS

On 23 December 2011, the Company entered into the Sales Framework Agreement, the Services Framework Agreement, the Purchase and Production Services Framework Agreement, the Hubei Gold Purchase Framework Agreement, the Daye Transportation Purchase Framework Agreement, the Combined Ancillary Services Framework Agreement, the Tonghua Hotel Services Framework Agreement and the Land Lease Framework Agreement with the Parent Company or its associates (as the case may be), and the Daye Labour Purchase and Production Services Framework Agreement with Daye Labour.

As at the date of this announcement, the Parent Company is a substantial shareholder of the Company, the Parent Company and its associates therefore constitute connected persons of the Company within the meaning of the Listing Rules. Hence, the transactions contemplated under the Sales Framework Agreement, the Services Framework Agreement, the Purchase and Production Services Framework Agreement, the Hubei Gold Purchase Framework Agreement, the Daye Transportation Purchase Framework Agreement, the Combined Ancillary Services Framework Agreement, the Tonghua Hotel Services Framework Agreement and the Land Lease Framework Agreement constitute continuing connected transactions of the Company under the Listing Rules.

As at the date of this announcement, Daye Labour is a substantial shareholder of Daye Industry, a wholly-owned subsidiary of Daye Metal. After China Times Completion, Daye Metal and Daye Industry will become subsidiaries of the Company and Daye Labour, by virtue of being a substantial shareholder of Daye Industry, will then become a connected person of the Company. Hence, the transactions contemplated under the Daye Labour Purchase and Production Services Framework Agreement will constitute continuing connected transactions of the Company under the Listing Rules upon China Times Completion.

Based on the aggregate annual caps proposed to be adopted for the Sales Framework Agreement and the Services Framework Agreement, one or more of the Relevant Ratios for the transactions to be carried out pursuant to such agreements is expected to exceed 5%. Hence, such transactions are subject to the reporting, announcement, independent shareholders’ approval and annual review requirements as prescribed under Chapter 14A of the Listing Rules.

Based on the aggregate annual caps proposed to be adopted for the Purchase and Production Services Framework Agreement, the Hubei Gold Purchase Framework Agreement and the Daye Transportation Purchase Framework Agreement, one or more of the Relevant Ratios for the transactions to be carried out pursuant to such agreements is expected to exceed 5%. Hence, such transactions are subject to the reporting, announcement, independent shareholders’ approval and annual review requirements as prescribed under Chapter 14A of the Listing Rules.

Based on the aggregate annual caps proposed to be adopted for the Combined Ancillary Services Framework Agreement and the Tonghua Hotel Services Framework Agreement, one or more of the Relevant Ratios for the transactions to be carried out pursuant to such agreements is expected to exceed 5%. Hence, such transactions are subject to the reporting, announcement, independent shareholders’ approval and annual review requirements as prescribed under Chapter 14A of the Listing Rules

Based on the annual caps proposed to be adopted for each of the Land Lease Framework Agreement and the Daye Labour Purchase and Production Services Framework Agreement, one or more of the Relevant Ratios for the transactions to be carried out pursuant to such agreement is expected to exceed 0.1% but be less than 5%. Hence, such transactions are subject to the reporting, announcement and annual review requirements only and are exempted from the independent shareholders’ approval requirement as prescribed under Chapter 14A of the Listing Rules.

The Independent Board Committee has been established to advise the Independent Shareholders in relation to the Non-Exempt Continuing Connected Transactions and the Annual Caps. The Independent Financial Adviser has been appointed to advise the Independent Board Committee and the Independent Shareholders in this regard.

At the EGM, an ordinary resolution to approve, inter alia, the Non-Exempt Continuing Connected Transaction Agreements and the Annual Caps will be proposed. China Times, its associates, persons acting in concert with it and any person who is involved or interested in the Acquisition and/or the Whitewash Waiver will abstain from voting in relation to such ordinary resolution.

DESPATCH OF CIRCULAR

The Circular will be despatched to the shareholders of the Company on 29 December 2011.

It should be noted that the Acquisition is subject to a number of conditions which may or may not be fulfilled. In addition, the approval of the new listing application to be made by the Company and the Whitewash Waiver may or may not be granted. Shareholders of the Company and potential investors should exercise caution when they deal or contemplate dealing in the Ordinary Shares or Preference Shares and other securities of the Company.

Link to release

 

Mongolian investment conference held in London

December 27 (news.mn) The second conference on investment in Mongolia was recently held in London. It was attended by representatives of Rio Tinto, Kharanga Resource LLC (sic), Trade and Development Bank, and Ulaanbaatar City Bank

The Mongolian delegates explained the business and investment opportunities in Mongolia to representatives of foreign stock exchanges, and property, mining, transportation, railroad, and logistics organizations. 

Olivier Descamps, managing director for Central Asia at the European Bank for Reconstruction and Development, noted that Mongolia’s economy is expected to be one of the world’s fastest growing economies over the next decade.

D.Enkhjargal of Mongol Bank read a paper about the measures the bank has taken to ensure economic and monetary stability, and the results of those measures. According to her, to fight inflation Mongol Bank has raised interest rates three times to 12.25 percent and has increased its reserves by 11 percent

D.Enkhjargal noted that Mongol Bank has a foreign currency reserve of USD 2.7 billion under its policy of opening the foreign currency market to foreign and domestic investors. 

She also said Mongol Bank has concluded a currency exchange agreement with the Chinese Central Bank amounting to MNT 1 trillion (5 billion yuan). The agreement will support trade between the two nations. 

Foreign investors approved of Mongol Bank’s decisions to raise the equity fund of commercial banks from MNT 8 billion to MNT 16 billion, to raise payment capacity from 18 percent to 25 percent, and to raise its capital ratio from 10 percent to 14 percent. The changes have reassured domestic and foreign investors in the banking sector. 

Link to article

 

Two uranium processing facilities to be built in Dornod aimag

December 28 (news.mn) The Nuclear Energy Authority says it has big plans for Mongolia’s uranium mining industry.

The authority says two uranium processing facilities will be built in Dornod aimag, and construction preparation work is already underway. The factories will export uranium products to France and Kazakhstan. 

Uranium exploration efforts began in Mongolia in 2009, and the Nuclear Energy Authority is planning to intensify exploration efforts. The work of establishing uranium mines in Dornod and Dundgobi aimags has begun.

Link to article

 

Preliminary livestock numbers released

December 28 (news.mn) The National Statistics Committee (NSC) has released a preliminary summary of livestock numbers for 2011. 

According to the NSC, total livestock in the country number 36,005,800, an increase of 3,276,300 from 2010. There are 2,093,000 horses; 2,315,100 cattle, 279,600 camels; 15,509,100 sheep; and 15,809,000 goats. The number of horses increased by 172,700; of cattle by 139,100; of camel by 10,000; of sheep by 1,028,000; and of goats by 1,925,800. 
The number of livestock increased in 18 aimags and in Ulaanbaatar, while it went down in Darkhan-Uul, Orkhon, and Selenge aimags.

Khuvsgul, Arkhangai, Tuv, and Uvurkhangai aimags recorded the most livestock. 

Link to article

 

Mineral Resources Council: 112 mines registered in 2011

December 27 (news.mn) According to the Mineral Resources Council, 112 deposit mines containing 14 different minerals were discovered and registered to the council in 2011. 

The council says 27 of the registered mines contain coal, 23 contain silver, seven iron ore, and four copper

Mines containing uranium, rare metals, nonferrous metals, molybdenum, oil, and zinc have also been registered by the council. Exploitation has commenced at some of the mines.

It’s estimated that the mines have total reserves of 35,000 tons of gold, 60,000 tons of wolfram (tungsten), 30 million tons of iron ore, and 8.4 billion tons of coal. 

Link to article

 

Mineral Resources and Energy Ministry lists biggest projects of 2011

December 27 (news.mn) --

Development of Oyutolgoi project

Altogether 17,817 people work at the Oyutolgoi mining project, 11,241 (63.09 percent) of whom are Mongolians. About 2,400 domestic businesses implemented works totaling USD 887 million to supply and assist the Oyutolgoi project in 2011.

Tavantolgoi begins coal exports

State-owned Erdenes Mongol LLC began extracting coal from the Tavantolgoi deposit in August 2011. The company has extracted 800,000 tons of coal and has collected MNT 217 billion for the Human Development Fund. 

Ministry reduces number of special mining licenses

Special mining licenses once covered 44.5 percent of the total territory of Mongolia. The ministry has reduced the number of licenses in recent years, so 25.2 percent of total territory was covered in 2009, 16 percent in 2010, and 15.3 percent in 2011.

New mining operations established 

14 new mining operations were established in 2009, 12 in 2010 and 19 in 2011. Mining companies created 8,700 jobs in 2011, and about 50,000 people are working in the mining sector. 

Coal exports increased 

Coal exports totaled 2.5 million tons in 2006. Coal exports increased to 15 million tons in 2010 and are expected to be 24 million tons in 2011. 

Finances of central region energy companies improved

Energy companies in the central region had deficits of MNT 30.1 billion in 2008. The Government has implemented tariff regulation in recent years, and deficits and debt ratios reached appropriate levels by the end of September 2011.

Public-private cooperation increasing 

The selection of investors for the fifth power plant in Ulaanbaatar began in 2011. Construction on an 18-megawatt power plant in Ukhaakhudag soum of Umnugobi aimag began in September with private sector investment. A 60-megawatt power plant is being built in Telmen soum of Zavkhan aimag with a public-private partnership contract. And the Newcom Group is beginning to build a 50-megawatt wind energy station in the Salhit valley. 

Gers get solar power

About 10,000 solar-powered generators have been distributed to countryside households under the 100,000 solar gers program. About 160,000 herder households now have solar generators. Also, all soums of Gobi-Altai aimag and 21 soums of Zavkhan aimag have been connected to energy sources, including three northern soums of Zavkhan. A total of 333 soums in all 21 aimags have been connected to reliable energy sources. 

Oil exploitation increased 

Oil exploitation and exports are increasing. The sector contributed MNT 29.7 billion to the state budget in 2009, MNT 57.2 billion in 2010, and MNT51.9 billion through the end of October 2011. 

Link to article

 

MNT 140 billion spent on water projects

December 27 (news.mn) The Ministry of Nature, Environment and Tourism reported on its work on Monday. 

The ministry had declared 2011 a “year of water,” and it implemented 37 projects, including the Orkhon Govi, Taishir Altai, and Tuul Ulaanbaatar projects. It has also submitted a draft law on water to Parliament. 

Ministry officials noted that water source protection projects have been implemented in recent years because drinking water sources have been damaged due to legitimate and illegal mining operations. They said the ministry has worked to protect 150 drinking water resources and is planning to protect 300 more in 2012. 

Aimags where mining operations have affected waster supplies include Gobi-Altai aimag, which reported in 2010 that children up to nine years old were getting unhealthy water due to a water shortage. The ministry is planning to construct water treatment facilities in aimags facing water shortages.

The ministry reported that it counted 6,095 rivers, 3,126 lakes, and 8,471 springs in 2011. The census is aimed at protecting water resources in danger of drying up. 

Nature, Environment and Tourism Minister L.Gansukh said the ministry has cooperated with the Ministries of Food, Agriculture and Light Industry and of Road, Transportation and Urban Development. Also, 14 NGOs and 14 state-owned and 668 private organizations cooperated to implement water projects. MNT 40 billion from the state budget and MNT 100 billion from NGOs have been spent to protect water sources and related works, added the minister. 

L.Gansukh stated that the ministry is beginning to take measures to hold accountable mining companies that pollute. It’s estimated that MNT 500 billion in environmental damage has been caused by these polluters. The draft law on water would increase by five to eight times the monetary penalties imposed on polluters. 

Link to article

 

China Keeps Rare-Earth Export Quota About Same

December 28 (Bloomberg) China, the biggest supplier of rare earths, will keep 2012 export quotas “basically level” with this year, as high prices and a slowing global economy sap demand, according to the Ministry of Commerce.

The full-year quota may be about 31,130 metric tons, according to Bloomberg News calculations based on first-round quota figures given by the ministry in a statement yesterday. The quota was 30,184 tons in 2011 and 30,258 tons in 2010.

China produces at least 90 percent of the world’s rare earths, used in Boeing Co. (BA) helicopter blades and Toyota Motor Corp. hybrid cars. The slowing global economy and high prices have curtailed demand from Japan, Europe and U.S., prompting speculation the country may slash quotas for 2012. China has curbed output and exports since 2009, when quotas were set at 50,145 tons, to conserve resources and protect the environment.

The quota has become pointless if export demand falls short of the limits,” said Wei Chishan, a Shanghai-based analyst at SMM Information & Technology Co., a data provider. “Rare-earth users are under great pressure to pass on surging costs, while the global slowdown has slashed demand.”

China, the world’s fastest growing major economy, exported only 14,750 tons of rare earths in the first 11 months of this year, or 49 percent of the full-year limit, “leaving a huge amount of export quota unutilized,” the ministry said.

It shows supply is sufficient,” SMM’s Wei said.

Shares in Lynas Corp. (LYC), an Australian rare earths developer, dropped 0.6 percent to A$1.1575 at 8:03 a.m. Shanghai time.

Environmental Protection

The government allocated 10,546 tons of first-round export quotas to nine companies, including China Minmetals Corp. and Sinosteel Corp., that have met the government’s environment protection standards, the ministry said. Another 14,358 tons may be granted to 17 other companies, including Baotou Iron & Steel Group, China’s biggest producer, if they meet the standards by the end of July, the statement said.

The first-round quotas will account for about 80 percent of the full-year volume for 2012, the ministry said.

Rare earths are 17 chemically similar elements including neodymium, cerium and lanthanum. The export prices from China for eight rare earths found at the Mount Weld project in Western Australia surged to $193.21 a kilogram on average in the third quarter, compared with $31.35 in 2010, according to figures on Lynas Corp.’s website. The prices have since fallen 41 percent to $113.43 a kilogram on Dec. 19, the company said.

Export Limits

China has set export limits on a range of mining products including silver, minor metals and coke to conserve resources and protect the environment. Raw-material restrictions have stoked tensions between China and its trading partners including the U.S. and the European Union, which said it has unfair commerce and currency policies.

Complaints against China by the U.S., the European Union and Mexico were bolstered by a World Trade Organization ruling, which found in July that quotas, export duties and license requirements on industrial ingredients such as coke, zinc and bauxite violate global rules.

Link to article

 

Former employees of Mongolia's anti-corruption agency complain about illegal dismissals

ULAN BATOR, Dec. 26 (Xinhua) -- Nine former employees of Mongolia's anti-corruption agency filed a complaint with the State Service Council that they were illegally dismissed, local media reported Monday.

Many former employees of the Independent Agency Against Corruption were laid off and replaced after new executive officers took control on Nov. 18, the report said.

President Tsakhia Elbegdorj in November appointed Navaansuren Ganbold as chairman of the agency and former spy Bat Khurts as vice chairman. Some executive officers were then brought over from the National Security Council to work in the agency.

Khurts, who led the executive office of the National Security Council, was detained by the United Kingdom and then extradited to Germany for the alleged kidnapping of a Mongolian national in Europe. He was released by Germany in October ahead of German Chancellor Angela Merkel's visit to Mongolia.

The complaint was filed with the State Service Council on Friday.

"Timing to resolve this issue will depend on the nature of the complaint," said Dorjdamba Zumberellkham, chairman of the State Service Council. "If it is found that these people have been dismissed illegally, the council will demand the agency to reinstate these people in their former positions," he said.

Link to article

 

Heavy air pollution in Mongolia causes flight delays, cancellations

ULAN BATOR, Dec. 27 (Xinhua) -- Heavy air pollution in Mongolia's smog-filled capital has caused flight delays and cancellations in recent days, an Air China official said Tuesday.

During the last week, many flights were disrupted for six days except Thursday. And a total of 13 flights had been delayed or canceled this month due to air pollution, a 160-percent increase compared with the same period of last year, according to statistics provided by Air China.

With temperatures dropping sharply in December, thousands of residents living in ger districts near the airport have begun to burn large quantities of coal and firewood to get warm, and power plants are also operating at full steam to meet high demand for electricity for heating, causing a thick smog around the airport, said the official from Air China's Mongolia Bureau.

"Ulan Bator as well as the airport are located in a basin with mountains surrounded, so the smoke is blocked by the mountains and cannot dissipate. Wind also is very rare during winter time which worsens the air pollution here," the official said.

In recent years, more and more people from rural areas have rushed into the capital seeking better lives, making the city increasingly crowded.

The new residents live in ger districts in the suburbs, and due to the lack of access to central heating systems, they burn coal, firewood and garbage, which causes severe air pollution.

Air pollution kills about 1,600 people in Ulan Bator every year. A report released this month by the World Health Organization showed that the concentration of dust particles in the air was 35 times the standard recommended by the WHO.

Link to article

 

The Ninja Gold Miners of Mongolia

December 2 (New York Times Magazine) -- They’re called ninja miners not for their stealth but for the ubiquitous green panning bowls they sling over their backs. Even in outer Mongolia, where they lawlessly pan for gold, the resemblance to the Teenage Mutant Ninja Turtles is unmistakable. For years, they have furtively worked at abandoned commercial mines and on the edges of active mining sites, sleeping in canvas tents and laboring for 12 hours a day. But the 21st-century gold rush has pushed them into national parks, encroaching on the border with Siberia. Environmentalists say the ninjas are destroying pristine rivers and grasslands with their mining methods, which involve cyanide and mercury. Even the ninjas, many of them out-of-work herders, recognize the damage, but they say there is no other way to earn a livelihood in rural Mongolia. The mining can be dangerous, difficult and cold: at the snow-covered sites where the ninja miners work, temperatures can drop below minus-50. But for the potential of $20 a day, the ninjas have little choice but to pan for gold.

TOTAL POPULATION OF MONGOLIA: 2,754,685

POPULATION DENSITY OF MONGOLIA: 4.3 PEOPLE PER SQUARE MILE

PROPORTION OF MONGOLIANS LIVING IN POVERTY: 36 PERCENT

ESTIMATED NUMBER OF NINJA MINERS: AT LEAST 100,000

Link to picture article

 

Table: Mongolia Related Stocks (Source: Bloomberg)

 

Name

Symbol

$

Price

Change

+-%

Open

High

Low

Volume

Time

% YTD

% 12 m

Indices

ASX 200

AS51:IND

4,088.80

-51.60

-1.25%

4,140.10

4,142.60

4,086.20

-

28-Dec

 

 

Nikkei 225

NKY:IND

8,423.62

-16.94

-0.20%

8,426.09

8,456.66

8,414.90

-

28-Dec

 

 

Hang Seng

HSI:IND

18,629.17

250.94

1.37%

18,589.68

18,636.75

18,539.59

-

23-Dec

 

 

MSE Top 20

MSETOP:IND

20,581.10

1,016.30

5.19%

20,581.10

20,581.10

20,581.10

-

28-Dec

 

 

FTSE 100

UKX:IND

5,512.70

55.73

1.02%

5,456.97

5,516.63

5,456.97

-

23-Dec

 

 

TSX Composite

SPTSX:IND

11,926.67

50.19

0.42%

11,900.61

11,949.08

11,884.18

-

23-Dec

 

 

S&P 500

SPX:IND

1,265.33

11.33

0.90%

1,254.00

1,265.42

1,254.00

-

23-Dec

ASX

Aspire Mining

AKM:AU

A$

0.38

-0.01

-2.56%

0.395

0.405

0.38

2,104,985

28-Dec

-18.75%

-19.59%

Blina Minerals

BDI:AU

A$

0.004

0

0.00%

0.005

0.005

0.004

0

23-Dec

-73.33%

-71.43%

Draig Resources

DRG:AU

A$

0.042

0

0.00%

0.041

0.042

0.04

0

25-Nov

50.00%

90.91%

FeOre

FEO:AU

A$

0.28

0.005

1.82%

0.28

0.28

0.28

2,000

28-Dec

General Mining

GMM:AU

A$

0.041

-0.007

-14.58%

0.047

0.047

0.041

100,000

28-Dec

-60.00%

-63.08%

Guildford Coal

GUF:AU

A$

0.705

0.005

0.71%

0.7

0.705

0.685

79,655

28-Dec

-4.11%

-6.67%

Haranga Resources

HAR:AU

A$

0.29

-0.01

-3.33%

0.3

0.3

0.29

30,000

28-Dec

-53.13%

-46.90%

Hunnu Coal

HUN:AU

A$

1.795

0

0.00%

1.78

1.795

1.78

0

16-Nov

34.46%

48.35%

Modun Resources

MOU:AU

A$

0.039

-0.001

-2.50%

0.041

0.042

0.039

778,000

28-Dec

300.00%

300.00%

Mongolian Res Corp

MUB:AU

A$

0.125

0

0.00%

0.125

0.125

0.125

0

22-Dec

-65.28%

Robe Australia

ROB:AU

A$

0.014

-0.003

-17.65%

0.015

0.016

0.014

1,616,667

28-Dec

81.82%

Voyager Resources

VOR:AU

A$

0.068

0

0.00%

0.068

0.069

0.067

849,303

28-Dec

26.81%

71.19%

Xanadu Mines

XAM:AU

A$

0.34

0.025

7.94%

0.32

0.34

0.32

29,705

28-Dec

-44.25%

-45.69%

MSE

A Board

Aduunchuluun 

ADL:MO

MNT

5,900

700

13.46%

5,900

5,900

5,500

110

28-Dec

-32.50%

-26.03%

APU

APU:MO

MNT

3,850

250

6.94%

3,699

3,850

3,699

665

28-Dec

110.96%

110.96%

Atar Urguu

ATR:MO

MNT

0

Baganuur 

BAN:MO

MNT

13,000

-300

-2.26%

13,000

13,000

13,000

10

28-Dec

9.52%

16.75%

Mogoin Gol

BDL:MO

MNT

31,000

0

0.00%

30,000

31,499

30,000

1,200

28-Dec

137.29%

137.29%

BDSec 

BDS:MO

MNT

3,500

0

0.00%

3,500

3,500

3,500

20

28-Dec

44.00%

44.00%

Bayangol Hotel

BNG:MO

MNT

35,950

950

2.71%

35,900

35,950

35,900

12

28-Dec

46.44%

46.44%

Bayanteeg 

BTG:MO

MNT

31,625

4125

15.00%

29,900

31,625

29,900

11

28-Dec

271.38%

UB BUK

BUK:MO

MNT

32,500

0

0.00%

32,500

32,500

32,500

0

26-Dec

626.07%

862.10%

Eermel

EER:MO

MNT

2,703

0

0.00%

2,800

2,800

2,703

0

27-Dec

-5.04%

11.43%

Gobi 

GOV:MO

MNT

5,055

-95

-1.84%

5,101

5,200

5,055

6,369

28-Dec

-8.93%

-8.93%

Gutal

GTL:MO

MNT

2,500

0

0.00%

2,500

2,500

2,500

0

16-Dec

Hi B Oil

HBO:MO

MNT

180

0

0.00%

180

180

180

0

26-Dec

10.00%

16.47%

Khukh Gan

HGN:MO

MNT

200

16

8.70%

189

200

183

13,527

28-Dec

1.60%

1.60%

Hermes Centre

HRM:MO

MNT

58

-2

-3.33%

58

58

58

344

28-Dec

7.41%

7.41%

Jenko Tour Bureau

JTB:MO

MNT

91

0

0.00%

92

92

91

3,588

28-Dec

0.00%

4.44%

Telecom Mongolia

MCH:MO

MNT

2,800

0

0.00%

2,800

2,800

2,800

0

26-Dec

-20.00%

-20.00%

Mongolia Dev Res

MDR:MO

MNT

1,050

0

0.00%

1,050

1,050

1,050

0

27-Dec

-19.23%

-16.00%

Moninjbar

MIB:MO

MNT

135

0

0.00%

135

135

135

7,407

28-Dec

17.39%

18.42%

Mongol Nekhmel

MNH:MO

MNT

3,280

0

0.00%

3,280

3,280

3,280

0

26-Dec

138.46%

Hotel Mongolia

MSH:MO

MNT

899

0

0.00%

899

899

899

0

27-Dec

41.96%

Darkhan Nekhii

NEH:MO

MNT

6,200

0

0.00%

6,200

6,200

6,200

113

28-Dec

26.53%

24.00%

Nak Tulsh

NKT:MO

MNT

175

0

0.00%

175

175

175

0

23-Dec

-46.15%

-46.15%

Olloo

OLL:MO

MNT

247

-23

-8.52%

250

250

240

64,032

28-Dec

62.67%

62.67%

Remikon 

RMC:MO

MNT

179

4

2.29%

173

179

172

80,503

28-Dec

143.06%

143.06%

Sharyn Gol 

SHG:MO

MNT

11,350

0

0.00%

11,350

11,350

11,350

85

28-Dec

8.57%

10.68%

Shivee Ovoo

SHV:MO

MNT

15,200

400

2.70%

15,300

15,300

15,001

118

28-Dec

1.38%

1.38%

Sor

SOR:MO

MNT

3,400

-420

-10.99%

3,400

3,400

3,400

3

28-Dec

314.00%

288.13%

Suu 

SUU:MO

MNT

65,000

2999

4.84%

65,000

65,000

65,000

10

28-Dec

195.43%

195.43%

Tav

TAV:MO

MNT

32,500

0

0.00%

32,500

32,500

32,500

0

14-Dec

Talkh Chikher

TCK:MO

MNT

10,900

900

9.00%

10,900

10,900

10,900

1

28-Dec

170.27%

173.97%

Tavantolgoi

TTL:MO

MNT

10,000

1000

11.11%

9,000

10,350

9,000

11,290

28-Dec

56.23%

56.50%

State Dept Store 

UID:MO

MNT

530

10

1.92%

501

530

501

1,498

28-Dec

22.09%

26.51%

Ulaanbaatar Hotel

ULN:MO

MNT

44,000

0

0.00%

44,000

44,000

44,000

0

27-Dec

67.27%

Mongol Savkhi

UYN:MO

MNT

2,250

-338

-13.06%

2,250

2,250

2,250

83

28-Dec

309.27%

323.12%

Zoos Goyol

ZOO:MO

MNT

855

35

4.27%

820

855

820

416

28-Dec

7.59%

6.25%

HKEx

Solartech Int’l

1166:HK

HKD

0.188

0

0.00%

0.19

0.19

0.183

3,325,000

23-Dec

-80.42%

-80.82%

Winsway

1733:HK

HKD

2.35

0.03

1.29%

2.32

2.36

2.29

4,890,000

23-Dec

-47.71%

-45.61%

SouthGobi Resources

1878:HK

HKD

45

-0.25

-0.55%

44.9

45.3

43.5

83,050

23-Dec

-54.77%

-52.38%

China Gold

2099:HK

HKD

18

-0.3

-1.64%

18.1

18.1

17.5

145,500

23-Dec

-57.14%

-55.11%

CNNC Int’l

2302:HK

HKD

2.11

-0.01

-0.47%

2.11

2.19

2.11

318,000

23-Dec

-75.75%

-74.88%

Real Gold Mining

246:HK

HKD

8.81

0

0.00%

8.81

8.81

8.81

0

23-Dec

-34.28%

-33.59%

Mongolia Energy

276:HK

HKD

0.74

0

0.00%

0.74

0.76

0.73

6,823,500

23-Dec

-68.10%

-67.69%

Zijin Mining

2899:HK

HKD

3

0.02

0.67%

3.03

3.04

2.98

21,380,250

23-Dec

-36.40%

-34.59%

Mongolia Inv Group

402:HK

HKD

0.048

-0.001

-2.04%

0.049

0.049

0.047

1,018,000

23-Dec

-67.57%

-63.08%

North Asia Resources

61:HK

HKD

0.239

-0.002

-0.83%

0.239

0.239

0.238

460,000

23-Dec

-73.74%

-74.02%

China Daye Non-Fer.

661:HK

HKD

0.42

0.005

1.20%

0.425

0.425

0.415

1,634,000

23-Dec

-25.00%

-26.32%

Bestway Int’l

718:HK

HKD

0.062

0.002

3.33%

0.056

0.062

0.05

1,610,000

23-Dec

-56.03%

-55.71%

Asia Coal

835:HK

HKD

0.105

0

0.00%

0.105

0.105

0.105

0

23-Dec

-58.00%

-59.62%

Mongolian Mining

975:HK

HKD

5.92

0.08

1.37%

5.86

5.95

5.75

832,025

23-Dec

-34.73%

-32.65%

SGX

LionGold

LIGO:SP

SGD

0.85

0

0.00%

0.85

0.855

0.85

10,496,000

23-Dec

16.44%

25.00%

LSE

Central Asia Metals

CAML:LN

GBp

56.875

0

0.00%

56.875

56.875

56.875

24,347

23-Dec

-36.98%

-35.37%

Petro Matad

MATD:LN

GBp

25.5

-0.75

-2.86%

26.25

26.25

25.5

171,408

23-Dec

-79.10%

-76.17%

Metal-Tech

MTT:LN

GBp

3.75

0

0.00%

3.75

3.75

3.75

0

23-Dec

-75.81%

-73.21%

Origo Partners

OPP:LN

GBp

35

-0.25

-0.71%

35.25

35.25

35

32,475

23-Dec

-14.63%

-14.63%

Tembusu

TIL:LN

GBp

2.375

0

0.00%

2.375

2.375

2.375

0

23-Dec

North

America

Aberdeen Int’l

AAB:CN

CAD

0.6

0

0.00%

0.59

0.6

0.58

161,177

23-Dec

-25.80%

-18.97%

Blue Zen Mem. Parks

BZM:CN

CAD

0.06

0.01

20.00%

0.06

0.06

0.06

4,400

23-Dec

Centerra Gold

CG:CN

CAD

18.27

-0.27

-1.46%

18.73

18.8

17.96

144,265

23-Dec

-5.94%

-6.37%

China Gold

CGG:CN

CAD

2.28

0.16

7.55%

2.18

2.39

2.18

258,459

23-Dec

-58.01%

-56.49%

Denison Mines

DML:CN

CAD

1.31

0.05

3.97%

1.23

1.34

1.23

1,362,270

23-Dec

-61.58%

-59.44%

Denison Mines

DNN:US

USD

1.3

0.04

3.17%

1.22

1.32

1.22

702,889

23-Dec

-61.99%

-59.63%

East Asia Minerals

EAS:CN

CAD

0.53

0.04

8.16%

0.485

0.59

0.485

740,056

23-Dec

-93.41%

-92.75%

Entree Gold

EGI:US

USD

1.19

-0.02

-1.65%

1.22

1.22

1.17

37,184

23-Dec

-65.61%

-61.74%

Erdene Resource

ERD:CN

CAD

0.315

-0.005

-1.56%

0.32

0.34

0.31

226,400

23-Dec

-74.60%

-75.20%

Entree Gold

ETG:CN

CAD

1.18

-0.02

-1.67%

1.17

1.25

1.17

54,779

23-Dec

-65.99%

-62.30%

Fortress Minerals

FST:CN

CAD

3.95

0

0.00%

3.95

3.95

3.95

0

21-Dec

-9.20%

-12.22%

Garrison Int’l

GAU:CN

CAD

0.015

0

0.00%

0.015

0.015

0.015

0

22-Dec

-83.33%

-78.57%

Gulfside Minerals

GMG:CN

CAD

0.085

0.005

6.25%

0.085

0.085

0.085

92,700

23-Dec

-10.53%

-15.00%

Green Tech Solutions

GTSO:US

USD

0.035

-0.008

-18.60%

0.043

0.043

0.0305

413,074

23-Dec

Ivanhoe Energy

IE:CN

CAD

1.02

0.1

10.87%

0.95

1.14

0.94

1,833,340

23-Dec

-62.50%

-63.83%

Ivanhoe Energy

IVAN:US

USD

1.02

0.09

9.68%

0.94

1.1199

0.92

3,184,864

23-Dec

-62.50%

-62.77%

Ivanhoe Mines

IVN:CN

CAD

18.31

-0.33

-1.77%

18.6

18.88

18.25

1,023,306

23-Dec

-20.39%

-20.66%

Ivanhoe Mines

IVN:US

USD

18

-0.22

-1.21%

18.25

18.5

17.87

2,080,332

23-Dec

-21.47%

-21.87%

Kincora Copper

KCC:CN

CAD

0.27

0

0.00%

0.275

0.275

0.27

0

22-Dec

0.00%

20.00%

Khan Resources

KRI:CN

CAD

0.2

-0.01

-4.76%

0.19

0.215

0.19

232,552

23-Dec

-58.33%

-55.56%

Lucky Strike

LKY:CN

CAD

0.41

0.03

7.89%

0.37

0.41

0.37

21,200

23-Dec

-71.72%

-73.55%

Lucky Strike

LKYSF:US

USD

0.3677

0

0.00%

0.3677

0.3677

0.3677

0

5-Dec

-74.08%

-76.87%

Meritus Minerals

MER:CN

CAD

0.02

0

0.00%

0.025

0.025

0.02

21,000

23-Dec

-90.00%

-89.19%

Manas Petroleum

MNAP:US

USD

0.15

0

0.00%

0.147

0.158

0.144

359,819

23-Dec

-75.00%

-70.59%

Mongolia Growth Grp

MNGGF:US

USD

3.929

-0.0011

-0.03%

3.997

4.03

3.9245

24,655

23-Dec

 

 

Blue Wolf Mongolia

MNGL:US

USD

9.51

-0.11

-1.14%

9.6001

9.6001

9.4899

15,800

23-Dec

 

 

Blue Wolf Mongolia

MNGLU:US

USD

10.05

0

0.00%

10.26

10.26

10.05

0

20-Dec

Manas Petroleum

MNP:CN

CAD

0.17

0

0.00%

0.17

0.17

0.17

0

19-Dec

Prophecy Coal

PCY:CN

CAD

0.43

0.02

4.88%

0.4

0.43

0.4

596,590

23-Dec

-50.27%

-46.52%

Prophecy Coal

PRPCF:US

USD

0.423

0.023

5.75%

0.4

0.423

0.396

23,246

23-Dec

-52.04%

-46.71%

Puget Ventures

PVS:CN

CAD

0.49

0

0.00%

0

17-Sep

SouthGobi Resources

SGQ:CN

CAD

6.37

0.31

5.12%

6.06

6.49

6.06

264,112

23-Dec

-47.70%

-48.13%

Solomon Resources

SRB:CN

CAD

0.07

0.01

16.67%

0.07

0.07

0.07

240,000

23-Dec

-67.44%

-67.44%

Undur Tolgoi Minerals

UTM:CN

CAD

0.2

0

0.00%

0.19

0.2

0.19

15,000

23-Dec

 

3900.00%

Mongolia Growth Grp

YAK:CN

CAD

4

0

0.00%

4.06

4.16

4

29,700

23-Dec

 

 

 

---

"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 AFSL License 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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