Business
Xstrata Coal Canada Increases Ownership in Erdene
HALIFAX, NOVA SCOTIA, Sep 15, 2008 (MARKET WIRE via COMTEX) — Erdene Resource Development Corp. (”Erdene”) (CA:ERD: news, chart, profile) today announced it was notified that Xstrata Coal Canada (”Xstrata Coal”) has increased its ownership in the company to greater than 5% through the purchase of common shares in the open market.
As a result, Xstrata [...]
Hongrun Construction to invest in Mongolian property project
Sep. 15, 2008 (China Knowledge) - Hongrun Construction Group Co. Ltd<002062>, a China-based construction services supplier, announced that it has inked deal worth of US$300 million with Mongolia SFECO Ltd to jointly build the “Ulan Bator City district of Shanghai Hong Run” project.
According to the Chinese company’s announcement, Hongrun Construction and Mongolia SFECO will launch [...]
Weekly Stock Review: September 8-12, 2008
Between September 8-12, 2008, 629.9 thousand shares of 42 SHCs were sold at the Mongolian Stock Exchange, totaling 172.1 million MNT during 5 stock trades.
At the primary stock market, 253 shares of “Remicon” SHC were sold, totaling 25.3 thousand MNT.
TOP-20 index was 8307.98 and it was decreased by 197.16 points or 2.3%. As the result [...]
Bluerock, Uranerz Closes Sale of Mongolian JV Interests
VANCOUVER, BRITISH COLUMBIA–(Marketwire - Sept. 12, 2008) - Bluerock Resources Ltd. (”Bluerock” or the “Company”) (TSX VENTURE:BRD) and Uranerz Energy Corp. (Uranerz) have closed the sale of their jointly owned Mongolian joint venture company, Rolling Hills Resources LLC (RHR), to Jindal Steel & Power (Mauritius) Limited (See News Release of June 24, 2008). The Mongolian [...]
Pink Floyd’s Money Travels Long Way to Mongolia: William Pesek
Sept. 15 (Bloomberg) — Everyone has globalization moments, those surreal intersections of foreign influences and familiar rhythms. This one involves Pink Floyd and Mongolia.
Last Friday, Air China 902 was packed with more white faces than you would typically see on flights from Ulaanbaatar to Beijing. It was carrying many of the 200 international financiers attending [...]
European Bank to Boost Investments in Mongolia by Almost 50%
Sept. 13 (Bloomberg) — The European Bank for Reconstruction and Development plans to boost investment in Mongolia by almost 50 percent this year, in industries ranging from retail to mining.
The bank will increase spending in the Asian nation to 50 million euros ($70 million) this year, and forecasts another gain to 100 million euros in [...]
Mongolia Energy shares suspended - HKex
HONG KONG, Sept 12 - Trading in shares of the Mongolia Energy Corp Ltd <0276.HK> was suspended on Friday, the Hong Kong exchange said.
No further details were immediately available.
SOURCE: Yahoo Business
Mongolia’s Khan Bank launches $300 mln global MTN
LONDON, Sept 10 - Mongolia’s Khan Bank said on Wednesday it established a $300 million global medium-term note programme, allowing it to issue foreign currency bonds to international investors.
Credit ratings agency Moody’s assigned Baa3 and Ba1 ratings respectively to the local currency senior and subordinated notes in the proposed programme, while assigning Ba2 ratings to [...]
Mongolia-Taiwan cooperation undergoes drastic development
Mongolian Chamber of Commerce and Industry and Foreign Economic Cooperation Association of Taiwan organized the VII Mongolia-Taiwan Businessmen Forum in Ulaanbaatar yesterday. During the Forum, the issues such as current state of trade and economy, investment and conditions of mutually beneficial collaborations have been discussed. This Forum was held under “Extending Mongolia-Taiwan Cooperation”. At the [...]
Mongolia’s Stock Exchange, Asia’s Smallest, to Add Derivatives
Sept. 12 (Bloomberg) — Mongolia’s stock exchange is studying plans to offer derivative products within two to three years to boost trading at Asia’s smallest bourse.
Margin trading, where investors take out loans to buy shares, will also be introduced, Tsendmaa Tsedev, head of the listing and surveillance department at Mongolian Stock Exchange, said in an [...]
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