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Close: Mongolia Related ASX Listed Companies, June 29, 2011
Prophecy Makes Landmark Shipment of Coal to Buryatia Province of Russia from Mongolia
Shares rise on Mongolian coal finds
Shares in two Australian-listed companies rose sharply after they announced coal discoveries in Mongolia.
June 29 (AAP) Xanadu Mines says an initial drill hole at the new Nuurstei Coking Coal Project confirms a wide intersection of coal 70 metres deep.
Shares in Xanadu, which made its debut on the Australian Securities Exchange (ASX) in December last year rose 13.5 cents, or 38.03 per cent, to 49 cents.
Nuurstei is part of a 50:50 joint venture between Mongolia-focused Xanadu and Hong Kong-based commodities trading house Noble Group.
Meanwhile, shares in former health care turned resources company C@ rose 2.6 cents, or 32.91 per cent, to close at 10.5 cents after it released positive drilling results on Wednesday.
This follows a rise of 21.5 per cent on Tuesday.
The company has made major coal finds based on results from its first two drill holes in the Ovorhangay Province, in Mongolia's south, it said in a statement to the ASX.
The company announced in April that it had acquired eight prospective coal licences in South Gobi, near the Chinese border.
The Mongolian coal sector is regarded as having great potential due to extensive coal deposits.
Other Australian-based, Mongolia-focused explorers to list recently include Aspire Mining and Hunnu Coal.
In 2010 a 30-year investment agreement was signed between Rio Tinto, Canada's Ivanhoe Mines and the Mongolian government to develop the massive Oyu Tolgoi copper-gold project.
CEO closed up 33% to 10.5c with intraday high of 12c
C@: Significant Coal Seam Intersected
· 60m coal seam intersected from surface on first drill hole in Ovorhangay Province
· Second hole intersected 40m coal seam at open pit mineable depth
· Drill core review indicates significant section of high quality coal
June 29, C @ Limited (ASX:CEO) --
XAM closed up 38% to 49c with intraday high of 53c
Xanadu Mines shares soar 35% on thick coal intersection in northern Mongolia
June 29 (Proactive Investors Australia) Xanadu Mines (ASX: XAM) has caught investors’ attention today with the initial drill hole at the Nuurstei Coking Coal Project intersecting 42 metres of coal from 70 metres.
In afternoon intra-day trade, the company's shares are 35% higher at $0.48.
Xanadu said a visual inspection indicates the coal has a hard, lustrous, bituminous character with a high vitrinite content.
The drilling of a planned wide spaced program has identified coal in sub crop over a 7 kilometre strike which extends at depth.
Nuurstei is the first project of the recently formed Xanadu - Noble Strategic Alliance in Mongolia targeting coking coal and iron ore opportunities.
The project covers an area of more than 3,000 hectares and is located in a newly identified coking coal basin between Murun and Erdenet in northern Mongolia.
The alliance has committed to spend US$1.5m on exploration as part of its commitment to earn 60% of the project and could move to 80% following completion of a JORC Resource.
A comprehensive reconnaissance program is currently underway and is expected to take at least three months to complete.
Xanadu said one multi-purpose rig is now operating on a double shift basis on the first phase of 3,500 metres of diamond and mud rotary drilling, with initial coal quality results expected in early July 2011.
Mongolia Energy's (276) HK$13.2bn concessions may be revoked
June 29 (ETNet) Mongolia Energy Corporation's (00276) independent auditor said in the annual results announcement that the Group would incur a significant impairment loss on the related mineral properties and/or exploration and evaluation assets if its five mining concessions and/or exploration concession worth about HK$13.2 billion is revoked due to the Mining Prohibition Law.
Although the affected license holders, including the Mongolia Energy Group, are to be compensated, a significant impairment loss will be recorded if the compensation received is significantly less than the consideration the Group paid to acquire these concessions.
As at 31 March 2011, the Group's current liabilities exceeded its current assets by about HK$2.02 billion. There are also uncertainties about the commencement of the commercial production of the Khushuut Coking Coal Mine and the related capital commitments that may cast significant doubt about the Group's ability to continue as a going concern. (HL)
Mongolia Energy (00276) year loss narrows to HK$311m; no div
June 29 (ETNet) Mongolia Energy Corporation (00276) said its loss attributable to owners of the company narrowed to HK$311 million for the year ended 31 March 2011, as compared to the loss of HK$317 million in the previous financial year.
Its basic and diluted loss per share was HK5.02 cents.
No final dividend will be distributed. (HL)
Mongolia asks China for 22,000 tons of petroleum immediately
June 29 (news.mn) Mongolia has requested China for immediate supply of 22,000 tons of AI-92 petroleum and of regular monthly supplies of 10,000 tons thereafter. Deputy Prime Minister M.Enkhbold, who heads the Mongolian team at meetings of the Mongolia-China Commission, made the request to the Chinese Ambassador on Tuesday and asked him to forward it to Chinese Deputy Minister for Commerce Chen Zyan, who leads his country’s team to meetings of the commission.
GTSO Stakes Claim to Mongolia's Massive Gold Deposits with New PPA
GTSO and Beijing Bullion Transfer Group to Develop New Precious Metals Mine in Selenge Province
SAN JOSE, Calif., Jun 29, 2011 (BUSINESS WIRE) -- Enticed by Mongolia's estimated 32 million ounces of gold reserves, Green Technology Solutions, Inc. (otcqb:GTSO) signed a Profit Participation Agreement (PPA) this week with ArErkhes, LLC, to mine precious metals at a new mineral-rich property in the developing Asian nation.
"Mongolia is blessed with extraordinary untapped reserves of gold and precious metals," said GTSO President and CEO John Shearer. "With prices continuing to rise to unprecedented heights, we jumped at the chance to get in on the ground floor of what is shaping up to be a Mongolian mining boom."
According to the PPA, GTSO and its global strategic alliance partner Beijing Bullion Transfer Group (BBTG) will facilitate mining development at the new site in exchange for a percentage of the mine's net profits. Known as the Anand Mine, the property is owned by Bulgantaikhar, LLC, and is located in the Orkhontuul Soum of Mongolia's Selenge province, 230 km north of Ulan Bator. ArErkhes owns the mining rights to the property.
Nestled between two political juggernauts in China and Russia, Mongolia's vast mineral wealth has remained largely undeveloped until recently. In addition to rare earths and precious metals, the frigid, sparsely populated nation is also rich in copper, uranium and coal. GTSO has worked closely with ArErkhes in recent weeks to develop Mongolian resources. Earlier this month, the two companies signed a PPA to develop rare earth mining on three properties across the country.
SouthGobi Resources promotes within to replace CFO
HONG KONG, CHINA--(Marketwire - June 28, 2011) - Alexander Molyneux, President and CEO of SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), is pleased to announce the appointment of Matthew O’Kane, CPA to the role of Chief Financial Officer, effective July 1, 2011. Mr. O’Kane replaces Terry Krepiakevich, CA. Mr. Krepiakevich, who will remain as a Senior Advisor to the Company over the next reporting period, will be pursuing various business opportunities and will continue to serve on public and private boards.
“We are very pleased to welcome Matthew to his new role at SouthGobi. He brings a strong background in financial management and analysis, and has proven to be a valuable member of our management team,” said Mr. Molyneux. “At the same time, we extend our gratitude and good wishes to Terry. Since joining the Company in 2006, Terry has helped grow SouthGobi from a coal explorer to a successful mine development and operating company, and provided effective financial leadership. We greatly appreciate his dedication and service to the company.”
Mr. O’Kane joined SouthGobi in January, 2011. He has spent the past 16 years in finance roles within the manufacturing industry. During this time he worked for Ford Motor Company both in Australia and in the United States. Prior to joining SouthGobi, he spent over four years as the Finance Director, and an Executive Director, of Volvo Car Australia Pty Ltd, a fully owned subsidiary of Volvo Car Corporation Sweden. He holds a Bachelor degree in Business (Economics and Finance) and an MBA from the Royal Melbourne Institute of Technology, and is a qualified CPA.
Mongolia Growth Group Ltd. Publishes June 2011 Monthly Letter to Shareholders
Calgary, Alberta CANADA, Jun 29, 2011 (Filing Services Canada via COMTEX) -- Mongolia Growth Group Ltd. (YAK - CNSX),is pleased to announce the release of its June 2011 letter to shareholders.
June 2011 Shareholder Letter
To the Shareholders of Mongolia Growth Group Ltd.,
During June, we achieved two significant milestones for our company. To start with, we completed a financing where we raised $17,099,572. This capital will allow us to more than double our real estate portfolio and we are anxious to put it to work in properties with attractive yields.
The other major milestone was the receipt of an insurance license. I want to thank everyone at UMC Group who worked tirelessly to provide documents to, and answer questions from, the Financial Regulatory Commission (FRC). We were awarded our license nearly two months earlier than expected and can now push ahead with our business. Sometime later this week, our SUV will have the honor of becoming the first asset to be insured by Mandal General Insurance.
While having the best capitalized insurance company in Mongolia will give us a very strong competitive advantage going forward, I want to make sure that I clarify our expectations for the company over the next few years. To start with, let's talk a bit about insurance accounting. On day one, we are starting with roughly USD $5 million in capital and 17 highly trained employees, but we cannot earn profits from these assets. Quite the contrary, we need to spend money first. Marketing and salaries are expensive, meanwhile we will have minimal revenue. When we sign a policy, we will need to accrue sales commissions and operating expenses to generate the business. Some of these costs are amortized over the life of the policy, but many of them must be booked immediately. In addition, significant portions of our revenue must go to build up an insurance reserve against future claims associated with the policies we write. Basically, from an accounting perspective, a new insurance company will report losses early on and it is our expectation that Mandal will report accounting losses in its first year in business.
I have never focused on current earnings in any business that I analyze. I care about "economic earnings," or what sort of long term value is created by a business. Even though we will report losses, I would like to believe that we will be creating value for our shareholders from day one. While there's an upfront cost of acquiring a policy, if we can underwrite at a profit, that policy eventually becomes an annuity for us as it is recognized. Over time, we hope to acquire a sizable stream of these annuities. There is a cost to doing this, but the value of these annuities should be higher than the cost of acquiring them over time. It is this stream of annuities that I am focused on. In a business like this, you only show accounting profits when the growth rate slows and the sales commissions normalize with the revenues generated by current policies in force. I prefer to grow fast and let earnings show up later on in our future.
I would like to also mention that one of the great aspects of insurance is our ability to generate "float," or the premiums that have been paid into our company before risks are incurred plus the capital we hold in order to pay future insurance claims. Until claims are paid, this float is ours to use for investment purposes with certain limitations as set by FRC. Jordan and I both have very long track records of successfully investing capital and we relish the opportunity to invest this float. In a market where structured debt products routinely yield better than 20% and where rental properties earn double digit yields, I am hopeful that we can produce very attractive returns on this float.
As shareholders, I would focus your attention to three key metrics when judging our progress in insurance; the first two are our ability to profitably underwrite insurance policies and our ability to rapidly grow our premium in force. The final metric will be our ability to invest our float and earn returns on the capital entrusted to us by our insureds.
In our property portfolio, we continue to acquire assets. To date, we have spent nearly $10 million purchasing rentable property. We now own in excess of 4,400 meters of rentable office and commercial space. We also own over two dozen rentable apartments. Fortunately, many of these office and commercial properties have come with tenants who are able to pay us rental income almost immediately. Our residential properties generally do not come with tenants and we are experimenting with interior renovations so that we can maximize our rental income. Unfortunately, that means that many of our apartments are currently vacant. However, with properties appreciating at a few percent a month, I'd rather buy now and figure it out later when it comes to optimizing our apartment yields. We know we can get good yields when renting, as we have rented a few, now we want to learn if we can get close to double the yield by spending less than 30% of the purchase price on upgrading the interiors. I think we will have an answer to that question in the next few weeks.
Incofin VDK MFI Loan Portfolio Loans $5m to Mongolian Microfinance Institution XacBank
June 27 (MicroCapital.org) Incofin Investment Management (Incofin), a Belgian fund manager that invests in microfinance, recently reported to MicroCapital that it loaned USD 5 million from the Incofin VDK MFI Loan Portfolio to XacBank, a community development microfinance institution (MFI) in Mongolia. Incofin VDK MFI Loan Portfolio is a microfinance investment vehicle that was launched in 2007 by Volksdepositokas (VDK) spaarbank, a Belgian savings bank and shareholder in Incofin.
XacBank aims to provide “inclusive and value adding financial services to the citizens and expatriates, institutions and enterprises of Mongolia, while maintaining its leadership in the global microfinance industry.” According to Incofin, XacBank’s mobile service and franchise models are expected to enable the bank to increase rural outreach significantly. As of 2010, XacBank reported to the US-based nonprofit Microfinance Information Exchange (MIX) total assets of USD 380 million, a gross loan portfolio of USD 264 million, approximately 75,700 borrowers, a return on assets (ROE) of 0.43 percent and return on equity (ROE) of 5.29 percent. As of June 2011, Incofin has invested a total of EUR 182 million (USD 261 million) in 101 MFIs in 39 countries through six funds.
Ukraine wants to extract mineral resources in Mongolia, says Yanukovych
June 29 (Interfax) Ukraine is interested in the extraction and refining of mineral resources in Mongolia, Ukrainian President Viktor Yanukovych has said.
"Of course, we are very interested in Ukraine's participation in the development of other mineral resources on Mongolian territory and their further possible refining on Mongolian territory," Yanukovych said at a joint press conference with Mongolian President Tsakhiagiin Elbegdorj in Kyiv on Wednesday.
Yanukovych also said that Ukraine could use its own technologies and share with Mongolia its experience in using such technologies, in particular, in the coal chemical sphere and the uranium ore sector. The Ukrainian president also noted that the issue concerned fuel for nuclear power plants and raw materials for them.
In addition, Yanukovych noted that Ukraine wanted to extract various mineral fertilizers for their further use in agriculture.
Minister D.Zorigt admits the Russian pressure on TT and railway issues
June 28 (business-mongolia.com, source: unknown) Today, during the briefing of the Government officials, in charge of petroleum import, to the Prime Minister on the current issue of petroleum shortage in Mongolia, Minister D.Zorigt admitted that the current stagnant situation on the import of petroleum from the Russian Federation is closely related to the delay of Tavan Tolgoi realization and railway issues.
According to his comments, these two issues will set further relations with the Russian side and unlock unresponsive situation in between two sides. Anyhow, the current petroleum shortage is not realistic, caused by people’s increased purchase and storage of gas in order to secure their demand during the upcoming Naadam Festival, which will be held almost 7-10 days in July 5 – 16. During the holiday, people’s travel to countryside is increased.
The Russian Federation is the biggest exporter to the Mongolian market, controlling over 95% to Mongolia. Rosnefti (the Russian Oil) demands Mongolia to allow its 100 gas stations in Mongolia. This was rejected 3 years ago by the Government of Mongolia.
Selected MPs watch presentation on the underground project
June 29 (news.mn) Ulaanbaatar has 134 bus routes and it is safe to assume each of them carries 50,000 people on an average per day. The city also has around 200=,000 cars. Travelling in the city will change radically once the underground transit system is built.
The project was unfolded to selected MPs yesterday. Its cost will be MNT4 trillion, of which 20 percent can be recouped in two years. Authorities granted MNT400 million for the survey from the city budget. If the project is passed by Parliament this year, work on it can begin in 2012.
The Asian Development Bank conducted a study in 2009 and recommended building an underground. That was the seed of the present project. Its tracks will be north-south and east-west. The first will be 21.3 kilometers long, from School #17 to Buyant Ukhaa, and the second 28.3 kilometers, from Tovchoo #22 to Amgalan.
Some parts of the tracks will be over the ground but when they go under they will be at a depth of 15-20 meters. Altogether 18 kilometers within the city center will be built underground but in the suburbs the tracks will be built over the ground.
It is likely that all the present underground network of heating, water supply etc. will have to be shifted. This will be an enormous operation, but the Korean-made feasibility study is certain this can be done efficiently. If construction does begin next year, Mongolians could travel underground in 2017.
Each train will have 78 seats and transport 137 passengers, including those standing. MPs approved of what they saw and felt there should be no politicizing the underground project. Mayor G.Munkhbayar will take personal interest in its progress.
CiDRA Wins Major Flow Contract with Rio Tinto
SONARtrac® Flow Monitoring Technology Selected for Green Field Project in Mongolia
June 28, WALLINGFORD, Conn.--(BUSINESS WIRE)--CiDRA Minerals Processing announced today that Rio Tinto has chosen CiDRA’s SONARtrac® flow monitoring systems as its preferred technology for use on slurry lines at Oyu Tolgoi in Mongolia. CiDRA will instrument 30 lines at the new concentrator, where the SONARtrac systems will provide increased accuracy and reduced maintenance costs.
Central Bank of Mongolia buys 1.1 tons gold
June 29 (UB Post) In the first five months of 2011 Central Bank of Mongolia bought 1.1 tons of gold; this is 50 percent more compared to 2010.
Ever since the Central Bank of Mongolia bought the lowest amount of gold in 2010, they feel this growth is unsatisfactory. In other words, though compared to last year it grew by 50 percent, this is still low compared to 2009 by 39 percent, 2.3 times compared to 2008, 21 percent compared to 2007.
The gold industry hasn’t grown because before mining stabilised the commercial banks started exporting gold; said experts of Central Bank of Mongolia. In particular, in the first five months of 2011 “Khadgalamj” bank exported 200 tons of gold.
“People think that only the Central Bank of Mongolia exports gold but, commercial banks can also export it. The commercial banks exporting gold don’t break the law” said experts of Central Bank of Mongolia.
Mongolian fluorspar exports “will replace” Chinese material
Global exports of Mongolian-sourced fluorspar “will replace” Chinese material over the next few years as China continues to ramp up domestic consumption. Chinese prices are at record levels.
June 28 (Industrial Minerals) Global exports of Mongolian-sourced fluorspar “will replace” Chinese material over the next few years as China continues to ramp up domestic consumption, according to fluorspar trader and processor Tianjin Steyuan Mineral Co. Ltd.
Over the last decade China, the world’s biggest fluorspar producer, has transitioned from an exporter to – increasingly – a net importer of a number of industrial minerals, primarily those consumed in ceramics, refractories and steelmaking.
Link to release (subscription needed)
Mongolia: An Economic Boom Investment Guide
June 29 (Seeking Alpha) Mongolia is a country with 3.1 million people under a parliamentary government sandwiched geographically between Russia and China. Its large resources underground, along with changes in its political climate, are making it the next hot country to invest in. There are major resource finds of coal and copper, as well as known deposits of gold, oil, molybdenum, fluorspar, uranium, tin and tungsten.
· Mongolia’s export relationship with and proximity to resource hungry China.
· The copper mine at Oyu Tolgoi being constructed jointly by Ivanhoe () and Rio Tinto () is generating $2.3 billion in capital expenditure in 2011 alone, and at full production will generate an estimated $7 billion in copper and gold at current prices annually. you will find recently updated information from Ivanhoe.
· The people of Mongolia are each being given the opportunity to own 538 shares in the Tavan Tolgoi coal mine(TT). The citizens will own 10% of TT; the government will retain 50% of TT for now; and 30% is to be available in foreign exchange IPOs in the next 12 months (Goldman Sach and Deutsche Bank are working on the IPOs which analysts believe could raise up to $10 billion (or 63% more than 2010’s national GDP). Here is an with more detail (though numbers on the value of the Mongolian citizens' holdings are very high and seem to be in Mongolian currency but reported in dollars; more likely, each citizen will receive $150 - $500 in value for their 538 shares).
· Oyu Tolgoi and Tavan Tolgoi are only two mines, there are many more. Look at the numbers for these two mines compared to the numbers for 2010 GDP. There is a significant fundamental shift in this economy coming.
New York City Loses $50 Million Tax Fight With India, Mongolia
The justices today left intact a federal appeals court ruling that threw out judgments the city had won against the two countries
June 27 (Bloomberg) New York: The U.S. Supreme Court rejected New York City’s bid to collect more than $50 million from India and Mongolia in a dispute over unpaid property taxes on those countries’ missions to the United Nations.
The justices today left intact a federal appeals court ruling that threw out judgments the city had won against the two countries. The appeals court pointed to a 2009 State Department notice that said UN missions were exempt from local property taxes.
The city sought to tax the parts of foreign diplomatic missions used to house employees and their families. In India’s case, that meant the top 20 floors of its 26-floor building on East 43rd Street. Mongolia’s mission occupies five floors on East 77th Street, with two used for employee housing.
A federal trial judge had awarded New York $42.5 million in taxes, charges and interest against India and $4.4 million against Mongolia. Those figures would have grown with additional interest.
After the trial court ruling, the State Department issued its notice. The New York-based 2nd U.S. Circuit Court of Appeals then reversed the judge’s decision, rejecting the city’s contention that the State Department lacked authority to pre- empt local tax laws.
New York sued India, Mongolia, Turkey and the Philippines to collect claimed taxes in 2003. Turkey and the Philippines settled with the city, agreeing to pay a total of $12 million.
The Supreme Court ruled in 2007 that the city’s suit could go forward, rejecting India’s contention that it was immune.
The case is City of New York v. Permanent Mission of India, 10-627.
Newly formed Mongolian People’s Revolutionary Party
June 28 (UB Post) On 24th of June, The Supreme Court of Mongolia discussed the registration of the newly-formed Mongolian People’s Revolutionary Party.
The new party was formed and called Mongolian People’s Revolutionary Party, a name given up by the now ruling Mongolian People’s Party in November. It was not clear whether the court will register the new party under the name Mongolian People’s Revolutionary Party.
At 4pm on last Friday, decision of the Supreme Court was presented by presiding justices Ts.Amarsaikhan, O.Zandraa and A.Dorjgotov. The Supreme Court of Mongolia announced “There is no party called Mongolian People’s Revolutionary Party and MPRP in the state registration. Thus, it is not of against the law of political parties registration law of Mongolia as well as civil law”.
Then, the Supreme Court of Mongolia congratulated them and handed a confirmation of the MPRP. Members of the MPRP were very happy saying that Justice won. Secretary-General of the MPRP, N.Udval said “Mongolian People’s Revolutionary Party was born on 27th January, 2011, but today we took it's 'birth certificate' and I’m so happy."
Secretary of the MPRP, L.Tsog stated “The Supreme Court of Mongolia is demonstrating that the court is autonomous. We took the name-MPRP, after waiting 5 months. The New political party has just now been born."
- What is the first political work of the new party - MPRP?
N.Udval - The MPRP will be doing various political actions every day. Within the framework of the event, congratulate all members of the MPRP.
L.Tsog: We will do numerous things for Mongolia. First of all, we will organize Ikh Khuraldai, meaning Great Meeting. I want to say Thanks to all members of the MPRP.
We asked politicians their opinion about the fact that the Supreme Court has registered a political party under name Mongolian Revolutionary Party; formally used by Mongolian People’s Party
D.Lundeejantsan; Member of Parliament
-Mongolia’s Supreme Court has registered Mongolian Revolutionary Party in the Mongolian party listing this Friday. Can other parties appeal?
-Yes, we can. Within a certain period of time any political party that wishes to appeal this verdict can address the Supreme Court’s attorney General. It is up to him to decide whether to discuss this issue at the next Supreme Court sitting or not.
U.Enktuvshin: Member of Parliament
-Ever since the Supreme Court registered this party, I look at it as a creation of a whole new party. It has nothing to do with the Mongolian People’s party; party they used to be one with.
R.Amarjargal: Member of Parliament
-Do you think that by registering this party the Supreme Court has violated certain laws?
-The Supreme Court has made its decision. I believe it’s pointless for me to give any comments about it.
U.Khurelsukh: General secretary of MPP
-Does Mongolian People’s Party agree with this verdict?
-The Supreme Court has created a whole new Party called the Mongolian Revolutionary Party; it’s the 19th party to be registered in Mongolia. We cannot confuse it with Mongolian People’s Party. Mongolian People’s Party was formed on 1st of March, 1921 as Mongolia’s first ever political party; it has a history of 90 years. However, it’s a pity that this new political party has decided to use our former name. I see it as a violation to symbol and image of our party.
-Will you sue them?
-We will address the higher authorities to reconsider this decision. We believe this decision ruled by the Supreme Court has political reasoning behind it. As for our party we have nothing to be scared of; we are Mongolia’s first political party, everyone knows it. The party using our former name; Mongolian Revolutionary Party is a newly formed one.
E.Bat-Uul: Member of Parliament
This has nothing to do with our party. You should address your questions to the Mongolian People’s Party not us.
MONGOLIA CONDUCTS CENSUS MAPPING
June 29 (Futuregov – Asia Pacific) The results of Mongolia’s 2010 Population and Housing Census are in – at present, there are currently 2, 754, 685 individuals in Mongolia.
According to the National Statistics Office (NSO) of Mongolia, the census was conducted using traditional methods such as complete field enumeration and more advanced tools for data capture. GIS was used to come up with detailed census maps and as well as to collect and disseminate census data.
Four new sites inscribed on UNESCO's World Heritage List
June 28 (UNESCO) The Residence of Bukovinian and Dalmatian Metropolitans (Ukraine), the Petroglyphs Complexes of the Mongolian Altai (Mongolia), The Causses and the Cévennes, Mediterranean Agro-pastoral Cultural Landscape (France) and León Cathedral (Nicaragua) - have been added to UNESCO's World Heritage List. The full list of new inscriptions which is now complete will be given out shortly.
Petroglyphs Complexes of the Mongolian Altai (Mongolia). The numerous rock carvings and funerary monuments found in these three sites illustrate the development of culture in Mongolia over a period of 12,000 years. The earliest images reflect a time (11,000 - 6,000 BC) when the area was partly forested and the valley provided a habitat for hunters of large game. Later images show the transition to herding as the dominant way of life. The most recent images show the transition to a horse-dependent nomadic lifestyle during the early 1st millennium BC, the Scythian period and the later Turkic period (7th and 8th centuries AD). The carvings contribute valuably to our understanding of pre-historic communities in northern Asia.
Climate Change in Mongolia
Clyde E. Goulden is the director of the Institute of Mongolian Biodiversity and Ecological Studies at the Academy of Natural Sciences in Philadelphia.
June 27 (NYT) --
Monday, June 20
After 70 years of political isolation while associated with the former Soviet Union, Mongolia opened its borders to international visitors in 1990. Among the first people invited into the country were scientists who could help Mongolia develop conservation plans to protect its rich biodiversity and almost pristine landscape. In 1994, scientists from the Academy of Natural Sciences were invited to visit a large, beautiful lake in northern Mongolia, Lake Hovsgol, and to join Mongolian and Russian scientists to study its biota. The project culminated in the description of many new species and numerous scientific publications, including the first book on the lake published in English, an effort financed by the National Science Foundation Partnerships for International Research and Education.
"Mogi" Munkhdul Badral
CPS International LLC
P Please consider the environment before printing a copy of this email.
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