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.
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Close: Mongolia Related ASX Listed Companies, July 19, 2011 | ||||||||
Code | Last | $ +/- | Bid | Offer | Open | High | Low | Volume |
0.053 | -0.002 | 0.053 | 0.055 | 0.054 | 0.054 | 0.052 | 2,644,196 | |
1.275 | 0.040 | 1.270 | 1.290 | 1.240 | 1.275 | 1.230 | 299,342 | |
0.225 | -0.010 | 0.225 | 0.235 | 0.220 | 0.225 | 0.210 | 279,117 | |
0.580 | 0.020 | 0.575 | 0.585 | 0.560 | 0.595 | 0.560 | 870,839 | |
0.010 | 0.001 | 0.009 | 0.010 | 0.010 | 0.010 | 0.010 | 623,000 | |
0.005 | 0.000 | 0.005 | 0.006 | 0.005 | 0.005 | 0.005 | 7,500 | |
0.130 | -0.005 | 0.125 | 0.135 | 0.150 | 0.155 | 0.125 | 36,057,899 | |
0.175 | 0.005 | 0.160 | 0.175 | 0.155 | 0.175 | 0.155 | 200,581 | |
1.270 | 0.070 | 1.240 | 1.280 | 1.200 | 1.270 | 1.200 | 651,258 | |
0.275 | 0.005 | 0.265 | 0.275 | 0.275 | 0.275 | 0.270 | 307,418 | |
0.400 | 0.000 | 0.350 | 0.400 | 0.000 | 0.000 | 0.000 | 0 | |
0.056 | -0.003 | 0.056 | 0.057 | 0.056 | 0.061 | 0.054 | 37,658,778 | |
0.545 | -0.015 | 0.545 | 0.560 | 0.560 | 0.560 | 0.540 | 50,590 | |
21.000 | 0.540 | 20.900 | 21.040 | 20.490 | 21.110 | 20.290 | 1,209,707 | |
81.330 | -0.270 | 81.250 | 81.400 | 81.000 | 81.650 | 80.840 | 1,645,908 | |
42.620 | -0.230 | 42.580 | 42.630 | 42.400 | 42.820 | 42.240 | 11,382,110 | |
Source: asx.com.au
C@: High Quality Coking Coal Properties Confirmed
July 19, C @ Limited (ASX:CEO) --
· Initial raw coal quality tests confirm presence of high quality coking coal properties likely to be enhanced by coal washing
· These raw coking coal properties are likely to be highly sought after by Chinese steel mills
· Large number of coal samples still to be calibrated with further results to be released to the market over coming weeks
…
Link to “C@ Limited high quality coal results” Broadcast
Winsway (01733) 1H coal sales up 27% yoy to 5.5m tonnes
July 19 (ETNet) Winsway Coking Coal (01733) said its unaudited total sales of coal for the first six months of this year were about 5.5 million tonnes, an increase of 26.68% over the same period of 2010.
During the first half of 2011, Winsway procured a total of 5.46 million tonnes of coal, up 25.15% from a year earlier.
Inner Mongolia Huayuan Logistics, a joint venture established by Winsway's wholly-owned subsidiary Inner Mongolia Haotong Energy Joint Stock with Inner Mongolia Hutie Investment Development Centre, a subsidiary of Hohhot Railway Bureau and 13 other shareholders, has committed to purchase 3,300 C70-type rail trucks for the transportation of coal and mineral products to and from Inner Mongolia Autonomous Region. Winsway expects that annual railway transportation capacity of the company attributable to the purchase of rail trucks will increase by about 1.2 million tonnes.
In order to utilise the railway logistics centres and broaden the coal sources for coal processing, Winsway decided to accelerate the construction of coal processing plant at Jining. Hence, it is expected that the completion of the Phase IV coal processing plant at Urad Zhongqi, which was scheduled to be completed by the end of 2011, will have a short delay.
The construction of the coal processing plants at Jining and Bayuquan port was completed and commenced operation, while the construction of the coal processing plant at Longkou port is in the final stage.
Each of these three processing plants has an annual coal processing capacity of 4 million tonnes. (HL)
Mongolia exports rise 52 pct in H1, mostly to China
July 19, Ulan Bator (Reuters) - Exports from landlocked Mongolia rose 52.3 percent in the first half of 2011 to a total value of $2 billion, with 90 percent of the total delivered to its dominant southern neighbour China, according to official data.
Mineral resources accounted for the bulk of the increase, rising 71.8 percent from a year ago and making up about 85 percent of the total volume, Mongolia's National Statistics Committee said late on Monday.
Over the six months, imports into Mongolia reached $2.7 billion, more than double the same period of last year, the committee said.
Remote Mongolia is in the middle of a programme aimed at bringing in billions of dollars of foreign investment to help develop its massive but mostly untapped mineral reserves, including coal, copper, gold and uranium.
Financing for the Oyu Tolgoi copper-gold deposit in the southern Gobi region, currently being developed by Canada's Ivanhoe Mines , is expected to reach $6 billion, more than the country's entire gross domestic product last year.
The Tavan Tolgoi coal project, also in the southern Gobi region, has estimated reserves of 6 billion tonnes and is expected to transform the country's tiny economy, with a billion-dollar IPO expected to be launched early next year.
The government said earlier this month that Peabody Energy , Shenhua and a Russian-Mongolian consortium had been selected to develop the western block of the project.
Poor infrastructure has made it difficult for Mongolia, sandwiched between China and Russia, to make the most of its resources, and it remains dependent on Chinese traders buying minerals at considerable discounts before trucking them south. Official data showed that Mongolian coal was being sold to China at around $40 per tonne lower than the average price.
Mongolia is currently building a new railway network aimed at easing its reliance on China and gaining access to the Pacific coast via Russia.
Mongolia's total exports amounted to $1.7 billion over the whole of 2010, with 84 percent going to China. Canada was in second place with just 5.4 percent.
Draft accord notes Mongolia as home for spent nuclear fuel
July 19, TOKYO (Kyodo) -- A draft Japanese-U.S.-Mongolian agreement over the creation of a nuclear fuel production and spent fuel disposal cycle clearly refers to Mongolia as the destination of such fuel, according to its text, which was obtained by Kyodo News on Monday.
The draft statement of intent among the three countries on the so-called "comprehensive fuel services" would create the world's first framework in which Mongolia exports uranium fuel to other countries and disposes on its soil of the fuel spent there.
The draft agreement mentions the role of the International Atomic Energy Agency, the U.N. nuclear watchdog, in possibly providing technical support to Mongolia in developing used fuel storage facilities there.
While the concept appears difficult to implement in light of the disaster at the Fukushima Daiichi nuclear power plant, hopes for such an initiative linger among those involved, including some private-sector firms.
Establishing a system of permanently disposing of spent fuel that gets generated at nuclear power reactors presents a significant challenge to countries intent on adopting atomic power. Even Japan and the United States, advanced nuclear power users, have yet to establish such a system.
At the same time, Japanese and U.S. companies are eager to capitalize on the initiative as a possible deal-making solution as they go about marketing nuclear power infrastructure to countries interested in adopting nuclear power, critics say.
The draft agreement notes the importance of developing "multilateral approaches" to the nuclear fuel cycle and possibly creating mechanisms for assuring nuclear fuel supply to such countries.
The document also says the three countries should meet regularly to develop "commercial arrangements to provide comprehensive fuel services at the front-end and back-end of the fuel cycle in a safe, secure, responsible and peaceful manner."
In Japan, the initiative was led by the Economy, Trade and Industry Ministry. The ministry aimed to have the agreement, drafted by the United States, signed last February, but the move was postponed after the Foreign Ministry lodged an objection, Japanese sources said.
An internal document at the industry ministry's Agency for Natural Resources and Energy, which was created in February and later obtained by Kyodo, noted that the Japanese ministry and Toshiba Corp. were engaging in behind-the-scenes talks with the U.S. Department of Energy and the Mongolian government over the initiative.
The document went on to say Mongolia had already begun contacting the United Arab Emirates over the possible supply of Mongolian uranium fuel and acceptance of the fuel after its use.
Rosnefti to supply 50,000 tons of fuel every month
July 19 (news.mn) The Chief of the Mineral Resources and Petroleum Authority (MRPA), D. Amarsaikhan, has concluded a long-term agreement with Rosnefti LLC to import 40,000 tons of diesel and 10,000 tons of petroleum every month. The MRPA is also working on import from China and South Korea. During the recent shortage diesel was imported from TNK-BR LLC of Russia and China Oil LLC of China as an emergency measure.
Officials of the Ministry of Mineral Resources and Energy say the shortage was over before Naadam and all types of fuel have been freely available from July 8.
MNCCI urges MPs to implement 39th Order on Tavantolgoi
July 19 (news.mn) The Mongolian National Chamber of Commerce and Industry (MNCCI) has sent an open note to all MPs about the delay in formally naming the operators of the Tavantolgoi deposit.
There is suspicion that Parliament deliberately put off discussion on the issue before it ended the Spring session. There is also talk that following pressure from some politicians and businessmen, the 39th Order of Parliament regarding the deposit mine could be amended.
The note says that the MNCCI, on behalf of the private sector in the country, placed great importance on implementation of the order, which was passed on July 7, 2010. It also says the MNCCI favored the Government to have a bigger role in managing the mining of the deposit.
Prices rise marginally
July 19 (news.mn) The National Statistics Committee said on July 10 that the consumer price index rose 0.4% in June over May. Core inflation stood at 9.8%.
The state budget has a surplus but unemployment has increased not only in Ulaanbaatar but also in the provinces. Foreign trade balance showed a deficit of USD193.2 million in June.
No progress on new ACA appointments
July 19 (news.mn) The Chief of the Standing Committee on Justice, D. Odbayar, has said the committee would discuss any proposal to appoint a new head and other senior officials of the Anti Corruption Authority (ACA) if it came from the President. A special meeting of Parliament could also be called to discuss any urgent issue but this could be done only by the Speaker.
The ACA Chief and Deputy Chief, and the head of its Executive Department are all serving prison terms.
Mongolia-India business forum on July 29
July 19 (news.mn) The President of India, Mrs. Pratibha Devisingh Patil, will officially visit Mongolia from July 22. During her visit, the Foreign Investment and Foreign Trade Agency, the Confederation of Indian Industries, the Federation of Indian Chambers of Commerce and Industry and The Associated Chambers of Commerce and Industry of India will jointly organize a business forum on July 29.
Registration for the forum began yesterday and will be open until July 27. It is intended to expand trade and investment ties between the two countries, acquaint Indian businessmen with Mongolian laws and conditions, and to help businessmen of the two countries to interact.
<Mogi & Friends Fund A/C>
Mogi & Friends Fund is a tiny fund of A$23K I created in late September with a few friends to put my own (and a few friends’) money where my mouth (just mine) is.
…
Mogi
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"Mogi" Munkhdul Badral
Executive Director
CPS International LLC
Telephone/Fax: +976-11-321326
Mobile: +976-99996779
Email: mogi@cpsinternational.mn
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Central Tower · 12th Floor · Left Wing · 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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