''MONGOLIAN METAL EXCHANGE'' LLC

Second Metal and Minerals Auction will be held on Thursday May 24, 2012 in Ulaanbaatar, Mongolia!

Second Metal and Minerals Auction will be held on Thursday May 24, 2012 in Ulaanbaatar, Mongolia. Interested parties please contact us at + 976 99119511, +976 99103950. Please e-mail to: chinzorig@mme.mn, bolor@mme.mn. No registration fee!

News release from Mongolian Metal Exchange LLC

The Mongolian Metal Exchange LLC hosted the First Mongolian Metal and Minerals Auction at the Chinggis Khaan Hotel on Monday April 2^nd, 2012. The event started as planned at 10:00am with the Mr. Chinzorig President’s speech. Shortly after, we began the first auction with 63% iron ore from Darkhan. The auction ran smoothly without interruption and after the last bid was done, the bid was finished. It took a half hour to finish up the details of the contract between buyer and seller.

First Metal and Minerals auction will be held on Monday April 2nd at Chingis Khaan Hotel, Ulaanbaatar, Mongolia.

First Metal and Minerals auction will be held on Monday April 2^nd at Chingis Khaan Hotel, Ulaanbaatar, Mongolia. Interested parties please contact us at +976 11 323879, + 976 99119511, and +976 99103950. Please e-mail to bolor@mme.mn.

CHINA, INDIA LEAD THERMAL COAL GROWTH, PRICES TO REMAIN HIGH
PERTH (miningweekly.com) – “Exponential” growth in demand for seaborne thermal coal over the next two decades, led by power-hungry China and India, would lead to a major expansion in global thermal coal trade, research and consulting firm Wood Mackenzie (Woodmac) coal market analyst Prakash Sharma said on Wednesday.

Norihiko Kato: The correct distribution of resources does not mean selling it at high prices, but making the right decision for future generations
haan bank_TUYA2

By B.BYAMBADORJ

This is an interview with the CEO of Khan Bank, Norihiko Kato, regarding the future economy and finance of Mongolia. Translated from Udriin Shuudin newspaper.

Please tell us about your opinions and views on Mongolia’s future?
I think that Mongolia’s economy is at a crucial stage right now. Nearly 80% of exports are provided by the mining sector. Both foreign and domestic companies and businesses are working to expand their possibilities. There is a definite need to improve infrastructure and transportation systems.
I think it would be wise to contribute major funding to infrastructure, as it will play an important role in Mongolia’s economic growth, for instance, the Tavan Tolgoi infrastructure.

Mongolia Delays $3 Billion Coal IPO to Retain Hong Kong Plan
By Yuriy Humber - Mar 7, 2012 8:26 PM GMT+0800

Erdenes Tavan Tolgoi, the Mongolian coal miner planning a $3 billion initial public offering, said it delayed the foreign part of the deal by at least two months to September to help win listings in London and Hong Kong.

Old king coal has a new crown jewel
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Frik Els | March 4, 2012

llinois’ Prairie State power station will go into production in December and the coal-fired plant will supply electricity to 2.5 million households for at least the next 30 years.

PDAC 2012: Natural resources minister touts streamlined regulatory process
Chris Wattie / Reuters files

Eric Lam Mar 5, 2012 – 11:28 AM ET | Last Updated: Mar 5, 2012 11:54 AM ET
Canada is set to become the world’s energy and mining leader, but the federal government still has a lot of regulatory red tape to cut, Joe Oliver, federal natural resources minister, said in a speech kicking off the 2012 Prospectors and Developers Association of Canada convention.

Behre Dolbear highlights the best countries for mining investment

“Worldwide, Canada, Australia, Brazil, and Chile will likely remain the best jurisdictions in which to invest in and develop mining projects. Each of these nations will likely continue to see economic growth and mining investment.” This comment comes from a report, 2011 Ranking of Countries for Mining Investment Where ‘Not to Invest’. Most of us will agree with the company’s statement “the mining industry is vital to the creation of wealth and prosperity in any country. Countries that stifle it with detrimental political, economic, financial, and regulatory policies should be challenged to make changes that are more accommodative to its success.”

Black Ridge Mining to launch itself into rare earths with interest in Mongolian project

Black Ridge Mining (ASX: BRD) has entered into an agreement to earn up to an 80% interest in a rare earths project in the Tuv Province, 80 kilometres east of Ulaanbaatar, the capital and largest city in Mongolia.

Proposals from four companies for the 5th Thermal Power Plant project remain
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By B.BYAMBADORJ

The construction of 5th Thermal Power Plant is to be done by a concession contract and an open bid was announced between construction companies. There were 11 companies vying to build the project, and four of them are remaining. Recently, the Government ordered concerned parties to speed up and accelerate the completion of the project.

Gold and silver stocks poised to recover in 2012: Charles Oliver and Jamie Horvat
Gold and silver stocks poised to recover in 2012: Charles Oliver and Jamie Horvat

Germany Looks to Mongolia to Secure Energy Future
L

ast Thursday, German Chancellor Angela Merkel signed a resource trade agreement with her Mongolian counterpart in the Mongolian capital of Ulaanbaatar. Surrounded by a contingent of German industry leaders, the German delegates were eager to secure access to Mongolia’s burgeoning mining economy, specifically its coal, rare earth elements and other commodities, in exchange for German technology and skills to support local mineral processing operations.

CHINESE RARE EARTHS GIANT HALTS PRODUCTION TO RAMP-UP PRICES

Yesterday China’s largest rare earth producer began a one month suspension of processing operations in order to drive up falling rare earth prices.

In a statement to the Shanghai Stock exchange Inner Mongolia Baotou Steel Rare-Earth said the move was about “balancing supply and demand”.

The company currently accounts for nearly half of the world’s light rare earth production.

Tavan Tolgoi Coal Mining Project OPERTA MACMAHON JV SIGNS CONTRACT FOR TAVAN TOLGOI COAL MINING PROJECT

The Mongolian state-owned mining company Erdenes Tavan Tolgoi has awarded the BBM Operta Group, together with the Australian joint venture partner Macmahon, the contract to develop the open pit mine Tavan Tolgoi Coal Mining Project for coking coal.

Ulaanbaatar, Mongolia – The contract with Erdenes Tavan Tolgoi JSC, the state-owned mining company which owns the Tavan Tolgoi project, was signed at a ceremony in Ulaanbaatar attended by Mongolian Prime Minister Sukhbaatar Batbold and German Chancellor Angela Merkel. The cost reimbursable alliance contract has a five year term with an estimated value in excess of USD 500 million.

Off to the main board for New Millennium and Prophecy

TORONTO (miningweekly.com) – Two mining juniors are quitting kindergarten for big school on Wednesday, with iron-ore developer New Millennium Iron Corp and Prophecy Coal, which has assets in Mongolia, both announcing approval to graduate to the TSX main board.

Kincora Copper Announces the Appointment of New President and Chief Executive Officer

VANCOUVER, BRITISH COLUMBIA, Oct 17, 2011 (MARKETWIRE via COMTEX) -- Kincora Copper Limited CA:KCC +26.67% (the "Company" or "Kincora") is pleased to announce that has joined as President and Chief Executive Officer and member of the Board of Directors, effective 17th October 2011. Igor Kovarsky succeeds Stephen Fabian, who will remain as the Chairman of the Board of Directors and will provide support to Mr. Kovarsky as the programme in Mongolia accelerates.

Rare Earth Exploration Hotspots

Prices for rare earths may have slumped in recent weeks, dragging down stocks in mining companies including big names such as Molycorp Inc. (NYSE:MCP) and Lynas Corp. (ASX:LYC), but the hunt for deposits outside of China continues unabated.

Macmahon Holdings, Operta awarded $500 mln Tavan Tolgoi Coal mining contract

Australia's Macmahon Holdings and its German joint venture partner Operta GmbH have won a five-year, $500 million coal mining contract for the Tavan Tolgoi Coal Mine in Mongolia, one of the world's largest coking coal deposit.

Aspire raises 32.8 mln USD for Mongolian coal
Junior coking coal explorer Aspire Mining has raised $32.8 million via a discounted placement of new shares to fund exploration at its Ovoot project in Mongolia.

General Mining to strengthen coal prospects with stake in Khuden in Mongolia

General Mining (ASX:GMM), through its wholly owned Mongolian subsidiary Golden Cross, has signed a letter of offer to acquire an interest in a mining licence covering 51.6 hectares in the central part of the Khuden Coal Deposit in Mongolia.

Are prices grounded for rare earths?

Derived from real economic developments and psychology phenomena can be observed on the financial markets are seemingly eternally repeated succession of euphoria and disillusionment.

Energy Resource LLC completes paved road to Gashuunshukhait
Energy Resource LLC recently completed 245 km of new road between Ukhaa-Khudag and Gashuunsukhait, and the state commission has officially opened the road. Heavy trucks transporting coal can now travel on a paved road where before they went over dirt roads.
Officials say the new road will reduce dust, accidents, and breakdowns. The road’s capacity for annual coal transportation is 15 million tons.
Erdenes Tavantolgoi LC has made an agreement with Energy Resource LLC to transport coal on new road.

China Daye Non-Ferro : Announcement Pursuant to Rule 13.09(1) of the Listing Rules
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

China, Japan Minuet Around The Issue Of Rare Earths (REMX, MCP, REE, AVL, SLW)

John Daly: It’s official – China’s de facto monopoly on current rare earths (NYSE:REMX) production is a threat to the global economy. As least, that was the gist of hearings on 21 September by the U.S. House of Representatives Committee on Foreign Affairs Subcommittee on Asia and the Pacific.

Big 3 see no China weakness – iron ore imports could climb 60% to 1 billion tonnes
Speaking to reporters at an industry conference in Qingdao China, the world’s largest iron ore miners said on Wednesday they have seen no weakness in demand from China. Forecasts for China’s imports by 2015 now top 1 billion tonnes – up more than 60% from 2010 – due to the relatively high cost and the low quality of its domestic supplies

IMC acid mine water report lacks clear plan – Turton

IMC acid mine water report lacks clear plan – Turton

Mongolian Coking Coal Producer SouthGobi Resources is a Prime Taveover Target, Teck Resources Should Acquire it Before a Competitor Does
M&A activity in the coal space has been robust; Rio Tinto acquired Riversdale in Mozambique, Alpha acquired Massey and Arch acquired Intl. Coal. Glencore is stalking South Africa’s Optimum Coal, Peabody & Mittal are close to winning Macarthur Coal and Banpu is bidding for Hunnu Coal. As a recently retained consultant for SouthGobi Resources, (SGQRF.PK, SGQ.TO, 1878.HK), I’ve carefully studied the competitive landscape. I believe that SGQ is a prime takeover target.

GTSO Ships Mongolian Rare Earth Core Samples to South Korea
SAN JOSE, Calif., Sep 12, 2011 (BUSINESS WIRE) -- Green Technology Solutions Inc. (otcqb:GTSO) announced today that 46 Mongolian rare earth core samples sent to South Korea for mineral analysis have been received by Korea Resources Corp. (KORES).

Rio Tinto head warns Mongolia to not change mining agreements
According to a published report, the head of Rio Tinto in Mongolia is warning the Mongolian government not to make any changes in the Oyu Tolgoi investment agreement. The report appears on the website of the newspaper The Australian.

A group of 20 members of Mongolia"s parliament are petitioning for changes in the agreement to give the Mongolian government a larger share of the lucrative mine’s proceeds.

But Cameron McRae, Rio Tinto"s country director in Mongolia, told the newspaper that Mongolia"s economic transformation could stall if such changes are made.
“If even a few voices call for Mongolia"s commitments to be broken and agreements to be changed, there is a risk that this will undermine investor confidences," McRae said.

Banpu Offer to Acquire Australia’s Hunnu Coal for About A$477 Million. Source Bloomberg.com
Banpu Plc, Thailand’s biggest coal producer, agreed to buy the shares it doesn’t already own in Hunnu Coal Ltd. (HUN), valuing the Australian explorer seeking to develop mines in Mongolia at A$477 million ($493 million).

Dealmaking in frontier markets: Mongolia
Amid sluggish growth and a tough climate for dealmaking in developed markets, investment banks are turning to new territories to do deals with Mongolia one of the fastest-growing frontier markets.

Mongolian Resource Corporation eyes high grade gold prize in Mongolia
Mongolian Resource Corporation (ASX: MUB) has updated the market on the company's diamond drilling campaign in Northern Mongolia, where an initial 16 holes for 4500 metres has recently kicked off.

Mongolia primes $3 billion Tavan Tolgoi IPO for next year
Bloomberg reports Mongolia is likely to sell a stake in its Erdenes Tavan Tolgoi coal-mining company to the public next year, raising more than $3 billion.

Why All Roads Lead to Mongolia
Mongolians have long dismissed their country as a pony between two elephants. But a wealth of natural resources could change that.