Ангилал: Editor’s choice
Prophecy Coal consolidates Mongolian coal resource
Toronto-listed Prophecy Coal on Monday said it would expand its coal resources in Mongolia by acquiring certain assets next to its Chandgana licences from privately held Tethys Mining.
Rio Tinto backs iron ore in dicey global environment
Rio Tinto sounded a cautious note on Thursday over global uncertainties and fended off shareholder calls to return cash, but the world’s No.3 miner said it was sticking to plans to spend billions developing new copper and iron ore mines.
Top analysts see copper climbing even as China slows
The third consecutive annual copper shortage and accelerating U.S. growth will drive prices to the highest in a year in the next quarter, according to the most accurate forecasters.
2012 Copper Q1 Market Trends and Outlook
Concerns about China’s growth prospects, most notably the possibility of interest rate hikes to prevent the economy from overheating, kept copper investors on their toes throughout the first quarter, but in the end the red metal came ahead nearly twelve percent from a year ago. It was the metal’s biggest quarterly gain since the end [...]
Copper steadies, focus on Chinese demand
LONDON – Copper prices steadied on Friday, after rising more than 1% in the previous session following reassuring manufacturing data from China, but continued concerns about slow demand from the metal’s top consumer prevented further gains.
Монгол Улсын Батлан хамгаалахын сайд Ж.Энхбаярын тухай Wikileaks-д
UNCLAS SECTION 01 OF 04 ULAANBAATAR 000355 SENSITIVE SIPDIS STATE FOR EAP/CM, DRL, INR/EAP AND INR/B E.O. 12958: N/A TAGS: PREL ECON PHUM KCOR PGOV KMCA SOCI MG SUBJECT: Candidate Profile: On the Campaign Trail–The Mongol Way Ref: A) Ulaanbaatar 0345, B) Ulaanbaatar 0198 SENSITIVE BUT UNCLASSIFIED – NOT FOR INTERNET DISTRIBUTION 1. (SBU) SUMMARY [...]
Mongolia Outlook 2012. World’s Fastest Growing Economy
Mongolia continued its strong performance in 2011 in terms of the pace of economic growth, equity market, exports and foreign direct investment inflows. The country’s performance in 2011 has exceeded nearly all our projections we made in our Mongolia Outlook 2011 report published in January 2011. We estimate Mongolia overtook Qatar and has become the [...]
US$1.8 billion finance plan for Oyu Tolgoi
A finance plan for Ivanhoe Mines’ Oyu Tolgoi copper-gold-silver mining complex has been approved, with the company securing US$1.8 billion in bridging finance from a major international bank. The funding will cover completion of the first phase of the facility in southern Mongolia, which is expected to start commercial production in 2013. Construction of the [...]
Nickel, copper, molybdenum and zinc demand all trending up
RBC Capital Markets forecasts copper demand growth of 3.6% in 2011, 5.5% in 2012, 5.6% in 2013, and trend growth of approximately 4.0% in 2014 and 2015. Molydenum growth is forecast at 8.4% in 2012 and 8.8% in 2013, before settling back to trend growth of a little over 5.0% in 2014 and 2015. For [...]
Mongolia Aims for Tavan Tolgoi IPO by June
The Mongolian government is looking to launch a multibillion dollar initial public offering of a mega coal deposit ahead of parliamentary elections in June, with plans to list state-owned Erdenes-Tavan Tolgoi Co. in London and Mongolia, people familiar with the situation said.
S&P downgrades nine euro zone countries
Standard & Poor’s downgraded the credit ratings of nine euro- zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for the troubled single currency area.
Extreme winter in Mongolia devastated Przewalskia’s horse population
December 2011. Winters in the Gobi desert are usually long and very cold but the winter of 2009/2010 was particularly severe, a condition Mongolians refer to as “dzud”. Millions of livestock died in Mongolia and the re-introduced wild Przewalski’s horse population crashed dramatically. Petra Kaczensky and Chris Walzer from the Research Institute of Wildlife Ecology [...]
Copper Rises as U.S. Growth May Make Up for Slowdown in China
Copper rose the most in two weeks, paring the first annual decline since 2008, on bets that U.S. growth will buoy metals demand as the economy slows in China.
Mongolia – the World Bank Country Survey FY2011
In June and July 2011, 312 stakeholders participated in the World Bank’s client survey in Mongolia, to provide their opinions regarding the general environment in Mongolia, the value of the World Bank in Mongolia, and the Bank’s operations and outreach in Mongolia. The survey aims to assist the World Bank in gaining a better understanding [...]
Copper prices to rise in Q1 2012 but supply concerns remain
Despite finally reaching an agreement with management, workers at Freeport McMoRan’s giant Grasberg mine further delayed their return to work after a three month strike that the company says is costing it roughly 2m pounds of copper production daily.
Recapturing the Mongolian Vision
Since my journey to Mongolia in November 2002, where I visited the national Museum of Mongolian History in the Capital of Ulaanbataar, I recently visited the University of Pennsylvania Museum of Archeology and Anthropology, who organized the exhibit on Modern Mongolia: Reclaiming Genghis Khan. This visit occurred November 2004.
Coal demand to grow by 600 000 t/d over next five years, IEA warns
Global coal demand will continue to expand “aggressively” over the coming five years, the International Energy Agency’s (IEA’s) inaugural ‘Medium-Term Coal Market Report 2011’ states, while also warning that infrastructure bottlenecks and an expected shift to poorer quality deposits could place upward pressure on costs and prices. In fact, the IEA report, which was released [...]
Марк Фабер: в Китае надувается гигантский пузырь
«Если мы определяем пузырь (на рынке) как период чрезмерного роста и искусственно заниженных процентных ставок, то очевидно, что в Китае надувается гигантский пузырь», — говорит издатель инвестиционного бюллетеня Gloom, Boom and Doom Report Марк Фабер. Он считает, что разрушение такого пузыря выльется в жесткую посадку экономики, а не в плавное ее замедление.
Botswana, DRC and Zambia most vulnerable to ‘resource curse’
Oxford Policy Management published a new report explaining how low- and middle-income countries are becoming increasingly vulnerable to the “resource curse.”
Китай наращивает объемы потребления угля
С 2011 по 2015 гг. объем потребления энергетического угля в Китае увеличится до 1 млрд т. Таков прогноз China Energy Development Report. Сейчас страна использует для своих нужд 800 млн т этого топлива ежегодно.
Xanadu Mines delivers maiden coal Resource of 170Mt at Galshar in Mongolia
Xanadu Mines’ (ASX: XAM) wholly owned Galshar Coal Project in the Dornogovi Province of Eastern Mongolia has an initial JORC Indicated and Inferred Resource of 170 million tonnes of coal. Independent geological consultants McElroy Bryan Geological Services has estimated an Indicated JORC Resource of 70 million tonnes and an Inferred JORC Resource of 100 million [...]
Merkel vows to build fiscal union
Angela Merkel, the German chancellor, on Friday spelt out her determination to create a legally enforceable “fiscal union” to restore confidence in the eurozone, rejecting “quick fixes” to Europe’s debt crisis. In a sombre speech to the German Bundestag, she insisted that she was determined to defend the euro. Her aim was to persuade her [...]
Mongolia to tighten monetary policy to curb inflation
Mongolia’s central bank will tighten monetary policy to curb the country’s inflation, Xinhua informed. Inflationary pressure remained high although parliament had passed a revised state budget for 2012, Mongol Bank President L. Purevdorj told reporters. Parliament had scaled down the original budget plan for 2012 by 900 billion Mongolian tugriks (about 692 million U.S. dollars). [...]