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Close: Mongolia Related ASX Listed Companies, March 18, 2010 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.066 | 0.006 | 0.065 | 0.067 | 0.064 | 0.068 | 0.064 | 11,319,489 | |
1.330 | 0.000 | 1.320 | 1.350 | 1.350 | 1.380 | 1.320 | 1,307,511 | |
0.430 | 0.030 | 0.415 | 0.430 | 0.420 | 0.430 | 0.400 | 2,271,858 | |
0.750 | 0.035 | 0.750 | 0.755 | 0.725 | 0.770 | 0.715 | 2,078,737 | |
0.400 | 0.000 | 0.400 | 0.500 | 0.000 | 0.000 | 0.000 | 0 | |
0.020 | 0.000 | 0.020 | 0.021 | 0.020 | 0.020 | 0.019 | 1,359,413 | |
0.006 | 0.000 | 0.005 | 0.008 | 0.000 | 0.000 | 0.000 | 0 | |
0.195 | 0.010 | 0.190 | 0.195 | 0.190 | 0.200 | 0.190 | 289,426 | |
0.270 | 0.020 | 0.265 | 0.270 | 0.250 | 0.280 | 0.250 | 711,971 | |
0.500 | 0.020 | 0.495 | 0.500 | 0.510 | 0.510 | 0.490 | 760,482 | |
28.430 | 0.110 | 28.350 | 28.430 | 28.440 | 28.630 | 28.200 | 892,822 | |
80.500 | 1.300 | 80.490 | 80.590 | 80.650 | 81.110 | 80.240 | 4,066,405 | |
44.560 | 0.860 | 44.560 | 44.570 | 44.470 | 44.750 | 44.230 | 13,768,777 | |
Source: asx.com.au
Aspire Mining Limited (ASX:AKM) Ovoot Coking Coal Project Quality Data Update
Perth, Mar 18, 2011 (ABN Newswire) - Aspire Mining Limited (ASX:AKM) (PINK:ASPXF) is pleased to advise that it has received additional coal quality data relating to the Company's Ovoot Coking Coal Project's 2010 resource drilling programme. The Company has now received two batches comprising 124 samples or 36% of the total samples to be received.
The combined results for the two batches continue to demonstrate a very high theoretical yield of 87% to produce a simulated product with a 7.7% ash content and a CSN of 8.7.
Note that there is no thermal coal fraction.
Coal washability test work involves float/sink tests and froth flotation using a specific gravity cut off of 1.6. With such low ash results it is likely that not all of the raw coal will need to be washed to produce a high quality blended product.
Raw Coal Analysis
An additional batch of Raw Coal sample analysis has also been received. The Company now has received 75% of all samples from the 2010 drilling programme. The results continue to demonstrate a high quality raw coal.
Table 1: Raw coal quality results
--------------------------------------------------------------------
Coal type IM ad% Ash ad% Volatiles Sulphur CSN Energy
ad% ad% kcal/kg ad
--------------------------------------------------------------------
Raw Coking 0.7 20.2 26.7 1.1 7.5 6,541
Coal Quality
(In Situ)
--------------------------------------------------------------------
All results have been provided by SGS Laboratories in Tianjin, China.
Commencement of the 2011 Drilling Programme
The Company has mobilised and commenced its 2011 exploration programme at the Ovoot Coking Coal Project. The initial drill rig is currently infill drilling an appropriate site to establish a "Direct Ship Ore" operating open pit. A second drilling rig will be mobilized by the end of March to target the resource extension drilling targets presented by the recently completed 2-D seismic programmes.
President and Chairman of the Monnis Group of Companies Joins Prophecy's Board of Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2011) - Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) is pleased to announce that Mr. Chuluunbaatar, President and Chairman of the Monnis Group of Companies, Mongolia ("Monnis") has been appointed to Prophecy's Board of Directors. Monnis, headquartered in Ulaanbaatar, Mongolia, is one of Mongolia's largest industrial holding companies. With over 1,000 employees and 12 subsidiaries, Monnis has, under Mr. Chuluunbaatar's leadership, become a national leader in insurance, construction, logistics, technology, real-estate, geological services, mining support services, energy, automobile and automotive parts distribution, international freight forwarding, foreign trade, air services, communications, and corporate finance advisory services. By practicing good corporate governance and social responsibility, Monnis has become one of Mongolia's most respected and revered business entities.
Mr. John Lee, CFA, Chairman of Prophecy commented today that: "Prophecy and Monnis have already forged strong partnerships and are both committed to advance Ulaan Ovoo coal mining and Chandgana power plant projects to better the country of Mongolia. I am pleased to appoint Mr. Chulunnbaatar to the Board of Directors and welcome his greater involvement in Prophecy."
Meritus Intersects 105.00g Au/tonne Over 0.80m and 16.88g Au/tonne Over 4.00m At Gutain Davaa
Mar. 17, 2011 (TheNewswire.ca) -- Vancouver, B.C.: Meritus Minerals Ltd. (TSXV:MER) (OOTC:MERMF) (MML)(TSX-V - MER) has received assay results from another five drill holes from the winter drilling program at Gutain Davaa, Toordogiin Shil Prospect.
Hole TSD045 intersected five distinct mineralized zones and several other zones of anomalous gold over its length of 224m. Most substantial are 2.00m of 44.04g Au/tonne, including 0.80m of 105.00g Au/tonne; 9.00m of 7.68g Au/tonne including 4.00 m of 16.88g Au/tonne, and 12.90m of 2.62g Au/tonne. The hole ended in a strongly anomalous zone and indications are that mineralization may persist to greater depths.
Hole TSD044 intersected 9.00m of 2.40g Au/tonne and other anomalous zones.
Hole TSD046, TSD047, TSD048 were drilled to shallow depths northwest of holes TSD044 and TSD045 and failed to intersect significant mineralized zones.
Results from previously reported holes TSD026, TSD042 and TSD043 and currently reported holes TSD044 and TDS045 suggest that there is a strongly mineralized zone plunging steeply northeast. TSD046, 47, 48 are shallow holes and overshot this zone.
Results for the five holes are given in the table below.
GOLD ASSAYS FROM DIAMOND DRILLING
TOORDOGIIN SHIL PROSPECT GUTAIN DAVAA
------------------------------------------------------------------------
|HOLE |UTM |GRID |Azimuth|Angle|Hole |From |To |Width|Assay |
| | | | | |Depth | | | | |
|----------------------------------------------------------------------|
|Number|East|North| | |(m) |(m) |(m) |(m) |Au/tonne|
|----------------------------------------------------------------------|
|TSD044|261 |290 |265 |-55 |179.00 |84.00 |86.00 |2.00 |0.25 |
|----------------------------------------------------------------------|
| | | | | | |93.00 |94.00 |1.00 |1.09 |
|----------------------------------------------------------------------|
| | | | | | |102.00|108.00|6.00 |0.13 |
|----------------------------------------------------------------------|
| | | | | | |114.00|123.00|9.00 |2.40 |
|----------------------------------------------------------------------|
| | | | | | |136.00|138.00|2.00 |0.21 |
|----------------------------------------------------------------------|
|TSD045|262 |290 |265 |-65 |224.00 |16.00 |17.00 |1.00 |9.03 |
|----------------------------------------------------------------------|
| | | | | | |24.00 |28.00 |4.00 |0.79 |
|----------------------------------------------------------------------|
| | | | | | |103.70|110.10|6.40 |0.22 |
|----------------------------------------------------------------------|
| | | | | | |118.10|120.10|2.00 |44.04 |
|----------------------------------------------------------------------|
| | | | | |including|119.30|120.10|0.80 |105.00 |
|----------------------------------------------------------------------|
| | | | | | |133.00|145.90|12.90|2.62 |
|----------------------------------------------------------------------|
| | | | | |including|145.30|145.90|0.60 |47.00 |
|----------------------------------------------------------------------|
| | | | | | |145.90|150.00|4.10 |0.16 |
|----------------------------------------------------------------------|
| | | | | | |173.00|174.00|1.00 |0.36 |
|----------------------------------------------------------------------|
| | | | | | |181.00|185.00|4.00 |2.04 |
|----------------------------------------------------------------------|
| | | | | | |210.00|214.00|4.00 |0.20 |
|----------------------------------------------------------------------|
| | | | | | |214.00|223.00|9.00 |7.68 |
|----------------------------------------------------------------------|
| | | | | |including|214.00|218.00|4.00 |16.88 |
|----------------------------------------------------------------------|
| | | | | | |218.00|223.00|5.00 |0.32 |
|----------------------------------------------------------------------|
|TSD046|210 |310 |265 |-45 |100.00 |81.70 |87.00 |5.30 |0.17 |
|----------------------------------------------------------------------|
| | | | | | |96.00 |99.00 |3.00 |0.21 |
|----------------------------------------------------------------------|
|TSD047|280 |345 |265 |-45 |100.00 |88.00 |89.00 |1.00 |1.73 |
|----------------------------------------------------------------------|
|TSD048|111 |301 |265 |-45 |100.00 |16.00 |17.00 |1.00 |0.20 |
|----------------------------------------------------------------------|
| | | | | | |88.00 |91.00 |3.00 |0.22 |
------------------------------------------------------------------------
…
ENTRÉE GOLD ANNOUNCES $7 MILLION BUDGET FOR JOINT VENTURE WORK PROGRAMS, LOOKOUT HILL, MONGOLIA
VANCOUVER, March 17 /PRNewswire-FirstCall/ - Entrée Gold Inc. (TSX: ETG) (NYSE AMEX: EGI) (Frankfurt: EKA) ("Entrée" or the "Company") announces that the Entree and Oyu Tolgoi LLC joint venture ("Entree-OTLLC Joint Venture") has budgeted US$7 million for exploration and development work on the joint venture ground ("Entree-OTLLC JV Ground") within the Lookout Hill Property, Mongolia.
The work program for 2011 includes a combination of exploration and geotechnical drilling on the Entree-OTLLC JV Ground. The exploration team is focusing on high priority targets that could further extend the known mineralized system with a budget of $5.5 million. The $2.1 million geotechnical drilling program is related to future development of underground operations on the Hugo North Extension orebody.
Proposed exploration work includes approximately 16,000 metres of drilling and is planned to focus on testing extensions to the Hugo North Extension and the Heruga deposits. The Hugo North Extension deposit is open for 7 kilometres to the north along the OT Trend (to Ulaan Khud), and the Heruga deposit is open at depth, to the west, and to the south. Additional drilling will test other geophysical targets to the south of Heruga on the Javhlant licence.
Geotechnical drilling on the Entree-OTLLC JV Ground is planned from surface collars, to assist OTLLC in finalizing underground development plans on Hugo North. The work program is designed to investigate a potential location for a fourth shaft ("Shaft 4"), including an area just north of the Entree-OTLLC Joint Venture property boundary and adjacent to the Hugo North Extension.
Entrée's President & CEO, Greg Crowe, commented, "Advancement of the Oyu Tolgoi mining complex is proceeding at a fast pace, and the Entree-OTLLC JV Ground is an integral part of future planning. This is evidenced by the focus on Shaft 4, currently planned to be sunk on the joint venture ground to access the rich Hugo North Extension as well as exploration programs designed to test the extension of the Heruga deposit ten kilometres to the south."
Both exports and imports rise, as trade turnover shows deficit
March 18 (news.mn) Total turnover of trade with 96 countries in the first two months of 2011 reached USD1031.5 million, of which exports accounted for USD415.9 million and imports USD 615.7 million. This was an increase of USD423.9 million or 69.8 percent over the same period last year. The trade balance showed a deficit of USD199.8 million, while it had shown a surplus of USD15.9 million in the first 2 months of 2010.
This year imports were up by USD319.8 million or 2.1 times, and exports by USD104.1 million or 33.4 percent. Mineral products, natural or cultured stones, precious metal, jewelry, coins, textiles, live animals, animal origin products, raw and processed hides, skins, fur and articles thereof accounted for 97.8 percent of the total export.
(Sainshand) GENERAL ADVISORY COMPANY TO BE SELECTED
March 17, Ulaanbaatar, Mongolia, /MONTSAME/ The highest results have been achieved by the "Hogan Lovells" and "GT's advocates" in a bid for selecting an advisory company for the "Sainshand" industrial complex creation. It was reported by the Government press service Wednesday.
They had competed with a unity of the "Liberty partners" LLC, "BNP Paribas", "McKinsey and Company", "Pillsbury".
The Committee for of national development and reform says however, that the above companies have been insufficient in reflecting in the bid ways of creating financial resources for the project, working out a financial structure, and enduring risks. In view of this, the Committee considers that these questions may be solved by the other companies.
In the selection of choosing a general advisory company, the "Bechtel" and "Worley Parsons" ones have shown the best results out of four companies, so it has been concluded that with it, a related contract may be established.
Since the selection has been completed, the sides are about to enter a financial agreement which, if not reached, may be made with the runner-up company, and advisory companies will be selected within the valid date of the tender (March 26, 2011).
ENTITIES CENSUS TO RUN
March 18, Ulaanbaatar, Mongolia, /MONTSAME/ According to the statistical law, the census of entities is organize every five years, "so we will organize it April 15-May 15," said a Minister of Finance, S. Bayartsogt at a meeting of the census working group.
The census is important in terms of determining entities' locations, numbers, research statistics, producing and serviing statistical information in order to contribute to social development and economy.
Mongolia ran the first census in 1991. By the 2006 census, over 52 thousand entities have been registered nationwide.
Global Insider: Australia-Mongolia Trade Relations
March 17 (WPR) Australia and Mongolia recently signed a number of agreements to increase bilateral business and educational cooperation. In an e-mail interview, Li Narangoa, a professor in the School of Culture, History and Language at the Australian National University, discussed Australia-Mongolia relations.
WPR: What is the extent of existing trade between Australia and Mongolia?
Li Narangoa: Trade between Australia and Mongolia has been small, with a total value of about $25 million in 2010. Though Australia and Mongolia established diplomatic relations in 1972, a serious trade relationship began only in the 1990s, when Mongolia introduced a democratic political system and free-market reforms. Trade mainly comprises the export of mining equipment and civil engineering services, along with a very limited volume of agricultural products such as wine, beef and lamb sent from Australia to Mongolia.
WPR: What are the areas of greatest potential for further development between the two economies?
Li: The greatest potential for further development between the two countries is the mining and resources sector. Australia and Mongolia are both rich in minerals and energy resources. Mongolia is set to become a mining giant in the Asia-Pacific region, and Australia's considerable experience in mining puts it in a position to assist Mongolia in realizing its potential. The two governments set up a joint working group to discuss collaboration in the mining and energy sectors in 2007, and the group now meets once every two years. In 2008, Mongolia set up an embassy in Australia. During a visit by Mongolian Prime Minister Sukhbaatar Batbold to Canberra in February 2011, a memorandum of understanding was signed on vocational education cooperation, aimed at helping Mongolia build the capacity of its mining workforce.
Roughly 20 Australian companies are already involved in mining and energy exploration in Mongolia -- including Rio Tinto, BHP Billiton and Leighton -- and they hold significant mineral leases there. Moreover, a growing number of Australian companies are interested in doing business in Mongolia. The Australian government has recognized Mongolia's economic potential, and the Australian Trade Commission will open a permanent office in Ulaanbaatar in 2011.
WPR: Beyond trade, what are the opportunities and challenges facing the bilateral relationship going forward?
Li: There are increasing interests in political and scientific exchanges as well as in sharing expertise in education and agriculture. Three additional agreements were signed covering these aspects during Batbold's February visit. By providing scholarships, Australia's development cooperation program has been contributing to Mongolia's human resource development. Mongolian students without a governmental scholarship, however, find it very difficult to get an Australian visa because of the stringent conditions that Australian immigration procedures require -- especially proof of financial support for their studies in Australia.
Both Mongolia and Australia are rich in minerals such as copper, gold, coal and uranium, and they have strong incentives to collaborate in the mining and energy sector, as mineral resources make up a high percentage of their trade incomes. But that means that they are also potential competitors for the same markets in the Asia-Pacific region -- China and Russia in particular. That will present challenges to both countries' efforts to collaborate in areas of common interest. For Mongolia, the priority is to create a stable political and legislative environment for Australian investors.
GTSO Hires SGS to Analyze Rare Earths Content of New Mongolian Mining Property
Results of Analysis to Determine Feasibility of Mining Rare Earths at New Site
SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCQB:GTSO) President and CEO John Shearer said today that the company’s joint venture with Rare Earth Exporters of Mongolia (REE) hired SGS Mongolia Minerals to analyze the mineral content of a new mining property inside the Asian nation that the joint venture hopes to help develop.
The Mongolian agent company for GTSO and REE signed a letter of intent earlier this week to assist in the marketing and development of a new licensed rare earth mine in Mongolia’s Tuv province. According to the letter, the joint venture has the right to have scientists and other experts evaluate the site’s rare earths mining potential.
Shearer said Thursday that SGS will study the property’s mineral content as part of the joint venture’s due diligence.
“We’re employing this laboratory to analyze the new site’s properties and let us know how many parts per million of the soil comprises rare earth elements,” he said. “It is our hope that the results of their analysis will conclude that mining this site for rare earths will be an economically feasible endeavor.”
Mongolian trading and mining company Ar Erkhes owns the rights to mine the property in Tuv. If the mineral analysis reports from SGS are favorable, GTSO and REE could seek a definitive agreement with Ar Erkhes to finance, market and develop the mine.
“If the presence of profitable amounts of rare earths is confirmed at this property, we will want to get shovels in the ground there as quickly as possible,” Shearer said.
Ar Erkhes’ property is the second site inside Mongolia’s Tuv province that the joint venture has explored. Last week, GTSO and REE signed a land lease agreement for a mineral-rich property in Tuv’s Erdenesant district. The joint venture has targeted Tuv as a prime strategic location for mining activities due to its proximity to Mongolia’s capitol, Ulan Bator. The city is Mongolia’s road and rail hub as well as the home of the joint venture’s Mongolian transportation office.
GTSO JV Adds New Mongolian Legal Consultant to Rare Earth Mining Team
Independent Contractor to Provide Companies with Legal and Business Support
SAN JOSE, Calif.--(BUSINESS WIRE)--Only a day after the addition of a new mining and exploration consultant to its rare earth mining team, Green Technology Solutions, Inc. (OTCQB: GTSO) revealed today that its Mongolian operation has grown by one more. GTSO and REE engaged a legal and business consultant through their Mongolian agent company to help guide the joint venture through the process of acquiring new rare earth mines and operations in the mineral-rich nation.
The joint venture tabbed legal and business consultant Ulziijargal Nergui to assist in drafting Mongolian legal documents and fostering local business relationships. Ulziijargal will join Mongolian attorney H. Orennxapran in assisting the joint venture to strictly adhere to Mongolian law as it pursues mining claims and properties there.
“We signed a letter of intent earlier this week to develop a new licensed rare earth mine in Mongolia’s Tuv province, and we don’t plan on stopping there,” said GTSO President and CEO John Shearer. “We’re in negotiations already regarding other rare earth mining properties in Mongolia, and we will rely on Ulziijargal Nergui’s expertise to help us write new agreements promptly and smoothly.
“Our joint venture has placed a high priority on following Mongolian mining laws to the letter, particularly since we’ve asked the Embassy of Mongolia for its assistance,” he said.
…
MONGOLIA'S MORTGAGE MARKET TO BECOME AFFORDABLE
MONGOLIAN MINISTER OF CONSTRUCTION KH.BATTULGA SAID THAT HOUSING LOAN SHALL BE SQUEEZED DOWN TO 6% PER ANNUM
“WORKING GROUP ON “HOUSING FOR 100,000 HOUSEHOLDS” PROGRAM HELD MEETING AT PRIME MINISTER S.BATBOLD’S OFFICE. SHORTLY AFTER THE MEETING, MP KH.BATTULGA, MONGOLIAN MINISTER FOR ROADS, TRANSPORT, CONSTRUCTION AND URBAN DEVELOPMENT, ANSWERED TO SOME QUESTIONS RAISED BY JOURNALISTS.”
March 17 (M.A.D.) --
Question: Can you give some details of the working group meeting.
Kh.Battulga: There are some painful problems in implementing the program of “Housing for 100,000 Households”. The most important one is the funding of the program. If Ministry of Finance and Mongolbank fails to take initiative in this part, our Ministry has no power to resolve the facing issue. Therefore, we provided necessary information to Prime Minister. Our Ministry has started its work and some works will kick off end of April or earlier May. Last year, the Government made survey on the expenditure of “Grant of the Motherland” within the public and over 850,000 people said “We need money for our housing”. Therefore, I believe that 1 million MNT to be provided by the Human Development Fund, can be used for the prepayment of their housing. The working group discussed the issue and was instructed to compose financing scheme.
Question: Can you give us more details on the order of decreasing lease rate down to as much as 6%?
Kh.Battulga: According to the average of other countries, annual interest rate for house leasing is around 6% for long term lease. We will look for to decrease it down to this level. We have such capacity. But people have right to choose which currency to choose.
Question:What other resources can be used for the implementation of housing program except Grant of the Motherland. Does Government have study on it?
Kh.Battulga: Mining industry is a good source for funding it. For example, we can get prepayment from mining companies which are going to engage in mining business in Mongolia, such as setting pre-condition of the mining companies to enter into the Mongolian market or mining operation to contribute for the housing program funding.
Question: Some officials already declaring that 1 bedroom apartment can be provided to each family free of charge using mining potentials. Do you agree with it?
Kh.Battulga: No, it is impossible. If there is a free thing, then it must be worthless. If man seeks benefit free of charge, he would become idle one. According to our plan, those unemployed people will build road and construction and in return they will receive loan based on their salary. If there is free stuff, then everyone would rush for it. But they are not pensioners. Especially unemployed young people shall be recruited as an obligatory basis. I would like people should understand that with hardworking there will be better living.
Question: Housing loan shall be distributed only through Housing Financing Corporation? Or can commercial banks involve in it?
Kh.Battulga: Commercial banks will take part in this program. Development Bank establishment was adopted by the State Great Khural. Through this bank, major development oriented investments will be made.
Denison Mines Corp. Closes Bought Deal Financing
TORONTO, ONTARIO--(Marketwire - March 15, 2011) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE Amex:DNN) is pleased to announce that it has closed its previously announced "bought deal" financing. Denison has sold to a syndicate of underwriters 18.3 million common shares at CDN$3.55 per common share to raise gross proceeds of CDN$64,965,000. The syndicate of underwriters was co-led by GMP Securities L.P., Cormark Securities Inc. and Scotia Capital Inc. and included Dundee Securities Ltd. and Raymond James Ltd.
Denison plans to use the net proceeds of the financing, together with cash currently on hand, to fund its 2011 exploration and development program and the purchase price of the previously announced acquisition of the ordinary shares of White Canyon Uranium Limited.
In accordance with an existing agreement between Denison and its largest shareholder, Korea Electric Power Corporation ("KEPCO"), KEPCO is entitled to subscribe for an additional 3.4 million common shares at CDN$3.55 per common share in a separate private placement transaction in order to maintain its existing 15.8% shareholding level. KEPCO has not yet indicated whether it will exercise its right.
Chinese military delegation attends 90th anniversary of Mongolian Armed Forces
March 18 (Xinhua) A Chinese military delegation led by Huang Hanbiao, vice commander of the Beijing Millitary Command of the Chinese People's Liberation Army, on Thursday attended celebrations for the 90th anniversary of the Mongolian Armed Forces.
…
Mongolian president encourages Suu Kyi, democracy movement
March 18, Chiang Mai (Mizzima) - The president of Mongolia, the first democratic state in Central Asia, has extended his support to Burma’s pro-democracy leader Aung San Suu Kyi in a telephone call, according to the US Campaign for Burma.
President Elbegdorj, who co-drafted Mongolia’s 1992 Constitution, said that Mongolia’s transition from Communism to democracy could be seen as an example of moving from oppression to freedom and that free market reforms and human rights can be linked to economic development in Burma.
‘I would encourage Burma’s rulers to realize that democracy should not be feared but embraced’, said Elbegdorj.
Noting the waves of pro-democracy movements that have spread throughout the Middle East in recent weeks, Elbegorj said he believed that the Burmese people could realize democracy in their own oppressive state.
‘As we continue to watch the millions of people struggling in the Middle East for greater freedoms and oppressive regimes fall, I am confident that the strength of the Burmese people, to peacefully but forcefully push for the democracy that is rightly theirs, will be realized’, he said. ‘No amount of oppression or the longstanding violence against the Burmese and ethnic groups can stand against a people that want to be free’.
GOVERNMENT AND UN SIGN UNDAF
March 17, Ulaanbaatar, Mongolia, /MONTSAME/ The Government of Mongolia and UN have signed the UN Development Assistance Framework (UNDAF) 2012-2016.
A validation meeting and signing ceremony ran Tuesday at the Ministry of Foreign Affairs and Trade, attended by government officials, ministers, representatives of UN agencies, development partners, and the media.
The UNDAF is a strategic programming framework of the UN system to support the achievement of the national development priorities contained in Mongolia's Comprehensive National Development Strategy (NDS) for 2008-2015, as well as the achievement of the Millennium Development Goals (MDGs) by 2015.
…
EMBASSY OF MONGOLIA TO UK IS OPEN TO FOREIGN PARTNERS
March 18, Ulaanbaatar, Mongolia, /MONTSAME/ The Ambassador of Mongolia to the United Kingdom of Great Britain and Northern Ireland B.Altangerel has attended the Mongolia's economic development meeting organized by “Asia house” survey institute of the UK March 16.
To the gathered he has introduced the nowadays situation of Mongolia's economic development, future plans and mining projects. He said,“These times, when Mongolia has been approaching the start of its development, the Embassy of Mongolia to the UK has put a priority goal as to give all possible information about Mongolia's economic situation, investment environment, chances to jointly realize projects so as to attract investirs to Mongolia."
He has invited the gathered to visit Mongolia, adding the Embassy is ready to establish links between the Mongolian and British partners.
Present at the meeting were officials from the survey institute, investment banks and representatives of companies who are interested in Mongolia.
Mongolia more generous than Singapore
March 19 (EAC) From ‘Payback time’, 19 March 2011, My Point, ST Forum:
“(MS JACKIE LAU): ‘Singapore’s economy has benefited much from many Japanese companies’ millions of dollars in investment here. They have been providing jobs for many Singaporeans. Now Japan needs all the help it can get – it is payback time. Surely, our Government can afford to give more than $500,000 if one of the poorer countries in the world, Mongolia, can give US$1 million (S$1.28 million).”
One wonders what formula the Ministry of Foreign Affairs’ accountants use in calculating how much to donate in terms of humanitarian aid to a certain country, whether it factors in present diplomatic ties, the extent of disaster damage, the wealth of the country affected, its local investments, or how much of its culture has permeated our own. Too little and you have complainants like Jackie above implying that the Government is ungrateful and stingy. Too much and you have people whose grandfathers were tortured to death by the Japanese during the Occupation complaining that that we’re overdoing it, or have our immediate neighboring countries complaining of being treated unfairly from previous disasters such as Cyclone Nargis (See stats below). Whatever it is, the Japanese Government are in no mood to compare humanitarian monetary aid amongst various countries unlike how our newlyweds compare ang pow donations from friends and relatives after wedding dinners, but the first step to developing a theory on how the government decides on how much to give in any humanitarian effort, assuming that its generosity is not affected by economic downturns and the like, is to review recent contributions and try to uncover a trend of some sort, taking into account some rather frivolous (but at least more objective measures than sympathy or gratitude) variables like impact , deaths and how close we are geographically.
2004 Indian Ocean Tsunami
Estimated death toll: 300,000
Magnitude: 9.0 on Richter scale
Proximity: Sumatra (Practically neighbours) – 2656.9 km (Sri Lanka)
Relief amount: A cool $2 million ‘humanitarian aid package’ (Sri Lanka, Thailand, Indonesia)
2008 Cyclone Nargis, Myanmar
Estimated death toll:22000 (possible underestimate)
Proximity:2442.4 km
Relief amount: US $200000
2009 Padang earthquake, Indonesia
Estimated death toll:1115
Magnitude: 6.7
Proximity: Practically neighbours
Relief amount: $US 50000
2010 Pakistan floods
Estimated Death toll: 1500
Proximity: 4859.15 km
Relief amount: $100,000
2010 Haiti earthquake
Estimated death toll: 250000
Magnitude: 7
Proximity: 17735.4 km
Relief amount: US $50000
2011 Japanese tsunami
Estimated death toll: Still uncertain
Magnitude: 9
Proximity:5255.7 km
Relief amount: $500,000
Looking at the rough stats above, it’s hard to figure out how our government comes up with its figures. Considering that more was sent to Pakistan than Indonesia the year before is also puzzling. Unless you’re an expert in socio-politico-economics, I doubt anyone can make a fair, objective evaluation of how much aid is good enough without delving into cheap sentimentality. Nor can anyone pressure the government into giving more just because we wouldn’t have the obscenely successful Sake Sushi without the Japanese. I personally don’t know what to make of half a million dollars, but at the rate at which the general public and private companies have been giving, and the surge of international prayers and humanitarian aid going in, I’m certain the Japanese will prevail nonetheless, regardless of how stingy people deem our government to be. And that’s all that really matters.
Mongolian rescue team begins work in Miyagi
March 18 (news.mn) A 12-member Mongolian rescue team that left on March 15 has begun work in Miyagi province, the area worst affected by the tsunami and earthquake in Japan. It is expected to be there for two weeks. The team includes a chemist, a doctor and a psychologist and all its members have experience of several rescue operations.
Gene research project boosts links to Mongolia
March 18 (TTKN) A new joint project between Western Australia and Mongolia aims to strengthen ties between the two countries through collaborative genetic research.
The Western Australian Family Study of Schizophrenia (WAFSS) is one of the largest genetic databases in the southern hemisphere. Using DNA donated by volunteers, it is building up a picture of the genes involved in schizophrenia, which will hopefully pinpoint the genetic causes of this disabling condition.
WAFSS has formed a partnership with the National Center of Mental Health, Mongolia, which will offer training in advanced diagnostic methods and help to develop genetic-based mental health research in Mongolia.
Two psychiatrists from the Center, Dr Oyunchimeng and Dr Guljanat, will travel to WA in April to undertake advanced training in the diagnosis of psychosis with Winthrop Professor Assen Jablensky, Director of the Centre for Clinical Research in Neuropsychiatry (CCRN).
CCRN, a joint UWA-Department of Health research facility, will host the visit, which forms the first stage of the collaboration. This will be followed by collection of DNA samples in Mongolia which will be sent for testing to Western Australia.
WAFSS staff will then travel to Mongolia to carry out electrophysiological testing on research participants, and the data will also be added to the project.
Winthrop Professor Jablensky said the collaboration would help extend research into the genetic origins of schizophrenia.
“We have here an excellent opportunity to add to our genetic database and also to improve the delivery of mental health care in Mongolia through the Centre for Mental Health,” Professor Jablensky said.
Mongolia: Activists Try to Keep Environmental Treasure Clean
March 16 (Eurasianet.org) Accelerating to 60 kilometers per hour on a frozen lake in Mongolia is generally not a good idea. A light tap on the brake pedal, a quick swerve to avoid a mound of snow, and the Russian-made UAZ minivan starts spinning in circles, the driver struggling to regain control. “We are only two people so the machine is very light,” offers Chimbdorj, the driver, as a form of apology.
Every winter, dozens of small vehicles ply the ice across northern Mongolia’s Lake Khovsgol. At 130 kilometers long and up to 40 kilometers wide, the lake surface -- frozen more than a meter thick -- offers passengers a shortcut and respite from an otherwise bone-crunching journey across unpaved mountain tracks. On an otherwise smooth ride, ice drivers keep a wary eye out for pressure ridges, a break formed by expansion and contraction of surface ice. Straying too close can prove fatal.
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<Mogi & Friends Fund A/C>
71%
Mogi & Friends Fund is a tiny fund of A$20.8K I created in late September with a few friends to put my own (and a few friends’) money where my mouth (just mine) is.
Global markets recovered on Friday, with media citing G7’s yen intervention as the reason, and the Fund recovering with the world as well. With 2010 Q1 drawing to a close. Will
Mogi
Disclosures
· I personally and through my “Mogi & Friends Fund” hold 75,000 HAR shares in aggregate.
· Jason Peterson, CPS Securities Director, holds shares (approx. 6,500,000) and options (1,000,000) in HAR.
· CPS holds 500,000 options in HAR for corporate advice provided to HAR – Jason Peterson is a 33% shareholder in CPS.
· CPS and CPSI directors and employees hold shares in HAR and may buy and sell these shares as and when they see fit.
· CPS has received an IPO management fee of $250,000 and a 5% fee for any funds placed to its clients under the prospectus.
· HAR has paid for Jason Peterson’s travel and accommodation expenses to and in Mongolia – this must be disclosed as a soft dollar commission.
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"Mogi" Munkhdul Badral
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.
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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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