28 Jan 2011

Ivenhoe Rights Offering Raises $1.8 Billion, Reuters Canada

TORONTO (Reuters) - Ivanhoe Mines (IVN.TO: Quote) said on Thursday it raised $1.18 billion through a rights offering that will help fund the initial development of its massive Oyu Tolgoi copper and gold project in southern Mongolia. Oyu Tolgoi is one of the world's biggest untapped copper-gold deposits. Its development was delayed for years as Ivanhoe pursued complicated royalty negotiations with the ...
25 Jan 2011

Bid Proposal Deadline for Tavan Tolgoi Investment Pushed Back to Jan. 31, Nasdaq.com

SEOUL -(Dow Jones)- The deadline for proposals to invest in Mongolia's massive Tavan Tolgoi coal deposit has been moved back to Jan. 31 from Jan. 24, a person familiar with the matter said Monday. "(We) were notified over the weekend that the date has been delayed," said the person, who added that the reason for the extension isn't clear. Earlier ...
19 Jan 2011

London Stock Exchange to Help Restructure Mongolia's Stock Exchange, TradingMarkets.com

ULAN BATOR, Jan 18, 2011 (Xinhua via COMTEX) -- The London Stock Exchange (LSE) and Mongolian State Property Committee (MSPC) announced Tuesday they had signed an exclusive Strategic Partnership Agreement to restructure the Mongolian Stock Exchange (MSE). "We are thrilled to have been chosen to partner with the Mongolian Stock Exchange as it enters a new and exciting period in ...
18 Jan 2011

Montblanc Makes Its Mark in Mongolia, The Wall Street Journal

By John Revill. A surge in Asian sales was the story behind Compagnie Financiere Richemont’s 33 percent increase in third quarter sales. Booming sales in China along with increased spending by Chinese tourists coming to Europe to buy luxury Cartier jewelry and high-end Roger Dubuis and Piaget watches, were responsible for much of the upswing. Not really surprising, but what ...
11 Jan 2011
Mongolian Prime Minister "Impressed" by Dubai, Invites Arab Investment, Panorientnews.com

Mongolian Prime Minister "Impressed" by Dubai, Invites Arab Investment, Panorientnews.com

Dubai - (PanOrient News) Prime Minister of Mongolia Batbold Sukhbaatar said he was "impressed by the highly developed infrastructure in Dubai and United Arab Emirates," and expressed hope "to build bridges of cooperation" between both countries.During a meeting in Dubai on Monday with Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, Sukhbaatar said ...
10 Jan 2011
Mongolia to Export Coal to the World Market, News.mn

Mongolia to Export Coal to the World Market, News.mn

The Ministry of Mineral Resources and Energy, Authority of Mineral Resources and Mongol Coal Association yesterday organized a meeting where the state-owned and private sectors representatives who operate in coal mining field exchanged views in the National Development and Innovation Committee Office about how to export coal through China. China is not only the biggest producer of coal but the ...
06 Jan 2011

Medvedev Approves Ratif of Joint U Co AGR with Mongolia, ITAR-TASS

MOSCOW, January 6 (Itar-Tass) - Russian President Dmitry Medvedev has signed into law the Federal bill "On the Ratification of the Agreement between the Governments of the Russian Federation and Mongolia on the Founding of a Joint (uranium mining) Limited-Liability Company 'Dornod-Uranium'," the Kremlin press service announced. The Bill was passed by the State Duma lower house of parliament on ...
02 Jan 2011
14 Nyse Stocks and 2 ETFS for a Coal Play

14 Nyse Stocks and 2 ETFS for a Coal Play

By David Hunkar. Mongolia is opening up its Tavan Tolgoi coal deposit to foreign investors. The site is located in the South Gobi desert near China’s northern border and has an estimated 6.4 billion metric tons of coal. Coal continues to be a major source of power generation in many countries including the U.S. where about 44% of total electricity generated comes ...
30 Dec 2010

Why Mongolia and Sri Lanka are Top of the Stock Markets, The Idependent

By James Moore. If you had invested in a tracker fund at the start of the year, which of the world's stock markets would have done the most for your pound? China, or somewhere nearby? How about one of the resource-rich economies of Latin America, growing fat on the commodities boom? The answer is none of the above (and you ...
21 Dec 2010

Xanadu Mines in Sold ASX Debut

Mongolia-focused coal, copper and gold explorer Xanadu Mines Ltd has made a positive debut on the Australian Securities Exchange. Shares in Xanadu were up 2.5 cents, or 4.17 per cent, at 62.5 cents at 1453 AEDT after reaching a high of 72 cents in earlier trade. Its initial public offer (IPO) was significantly oversubscribed and raised $24 million through the ...