Government of Mongolia(GOM) stated
2011 оны 7 сарын 4
o Head of Government TT taskforce has briefed Cabinet meeting that
negotiations with 6 shortlisted TT strategic investors have been done 18
times and 3 have been shortlisted
o GOM aims for TT to become world class reputable mine with high level of mining and labor safety, international standards of environmental protection and rehabilitation, sales and marketing of coal at high prices and delivery to final consumers
o Negotiations with participant parties are continuing in not easy condition
o Cabinet meeting has decided to introduce TT current progress to Parliament
Дэлгэрэнгүй үзэх >
o GOM aims for TT to become world class reputable mine with high level of mining and labor safety, international standards of environmental protection and rehabilitation, sales and marketing of coal at high prices and delivery to final consumers
o Negotiations with participant parties are continuing in not easy condition
o Cabinet meeting has decided to introduce TT current progress to Parliament
Synopsis post Mongolian markets close
2011 оны 6 сарын 21
· President Obama said to President that he is amazed at achievements Mongolia made at strengthening democracy
· President Obama also noted to President importance of concluding Transparency agreement, discussed visit of Vice President and State Secretary of USA to Mongolia within this year and gratefully accepted invitation of the President to visit Mongolia
Дэлгэрэнгүй үзэх >
· President Obama also noted to President importance of concluding Transparency agreement, discussed visit of Vice President and State Secretary of USA to Mongolia within this year and gratefully accepted invitation of the President to visit Mongolia
Bank of Mongolia(BOM) has increased policy rate by 0.5% to 11.5% today.
2011 оны 5 сарын 4
· Annual base inflation is 7.9% compared to general inflation in UB
of 7.4%, which suddenly declined to due to decrease in meat prices.
This is indication of inflation related to excess money supply.
Tightening of monetary policy by interest rate increase is to tackle
this situation.
· In 2011Q1 money supply expanded by 67% or by 1.98trillion MNT(1.65B USD) and there is expectation that this trend will continue. Incoming foreign investment has played major role in the expansion of money supply.
Дэлгэрэнгүй үзэх >
· In 2011Q1 money supply expanded by 67% or by 1.98trillion MNT(1.65B USD) and there is expectation that this trend will continue. Incoming foreign investment has played major role in the expansion of money supply.
Major banks continue to do well in 2011,Q1
Khanbank(private,40% owned by Sawada Holdings and 13% by HS International, in 2008 has hired ING for 300M USD global medium term notes),
Golomt Bank(private, Board of Governors – D.Baysgalan,L.Boldkhuyag and M.Zorigt, may go public abroad in 2012, for example in HK,secured 30M USD convertible loan from a UAE fund recently)
Дэлгэрэнгүй үзэх >
2011 оны 5 сарын 4
2011Q1 results of banking market dominating trio
Khanbank(private,40% owned by Sawada Holdings and 13% by HS International, in 2008 has hired ING for 300M USD global medium term notes),
Golomt Bank(private, Board of Governors – D.Baysgalan,L.Boldkhuyag and M.Zorigt, may go public abroad in 2012, for example in HK,secured 30M USD convertible loan from a UAE fund recently)
Дэлгэрэнгүй үзэх >
Mongolian leader meets CPC delegation on ties
2011 оны 3 сарын 1
President of the Mongolian People"s Party Batbold Sukhbaatar met here
Monday with a delegation of the Communist Party of China (CPC) led by
Liu Jieyi, vice head of the International Department of the CPC Central
Committee.
Batbold, who is also Mongolia"s prime minister, said the Mongolia-China partnership of good neighborhood and mutual trust developed smoothly in recent years, and the communications and cooperation in various fields between the two parties and two countries were deepening.
Дэлгэрэнгүй үзэх >
Batbold, who is also Mongolia"s prime minister, said the Mongolia-China partnership of good neighborhood and mutual trust developed smoothly in recent years, and the communications and cooperation in various fields between the two parties and two countries were deepening.
Noble Group Seeks More Mongolia Coal Deals to Add to Rising Energy Profit
2011 оны 3 сарын 1
Noble Group Ltd, the Hong Kong-based supplier of energy, food and
mining commodities, sees Mongolia as its next opportunity to expand in
coal and build on its record 2010 profits.
“We have staff looking at several opportunities” in Mongolia, especially in exploration companies, Chief Executive Officer Ricardo Leiman said on a conference call yesterday. “Mongolia will be an area specifically for quarter two. We look at developing a similar model there to what we have in Indonesia and Australia.”
Дэлгэрэнгүй үзэх >
“We have staff looking at several opportunities” in Mongolia, especially in exploration companies, Chief Executive Officer Ricardo Leiman said on a conference call yesterday. “Mongolia will be an area specifically for quarter two. We look at developing a similar model there to what we have in Indonesia and Australia.”
National Statistics Office of Mongolia
2011 оны 2 сарын 24
National Statistics Office of Mongolia ( www.nso.mn )external trade data for first 45 days of 2011 or as of February 15,2011
Дэлгэрэнгүй үзэх >
Miner Ivanplats Plans IPO
2011 оны 2 сарын 24
Ivanhoe Nickel & Platinum Ltd., the mining company known as
Ivanplats, plans to go public this year in an offering that could raise
between $750 million and $1 billion, people familiar with the matter
said.
In recent weeks, Ivanplats has been interviewing various banks for the initial public offering of stock, which could value the company at more than $5 billion, although the current valuation could change based on copper prices, political stability and the development of actual mines, these people said. Robert Friedland, the chief executive of Ivanhoe Mines Ltd., is a controlling shareholder of Ivanplats, with a stake of about 30%. Institutional investors own the rest of Ivanplats. Ivanhoe, which owns 8% of Ivanplats, is also considering its own sale or breakup.
Дэлгэрэнгүй үзэх >
In recent weeks, Ivanplats has been interviewing various banks for the initial public offering of stock, which could value the company at more than $5 billion, although the current valuation could change based on copper prices, political stability and the development of actual mines, these people said. Robert Friedland, the chief executive of Ivanhoe Mines Ltd., is a controlling shareholder of Ivanplats, with a stake of about 30%. Institutional investors own the rest of Ivanplats. Ivanhoe, which owns 8% of Ivanplats, is also considering its own sale or breakup.