mongolian election, page-2

I believe the elections are today. I don't know how long before a result but the last polls had the Democratic Party with an insufficient lead (10%pts) to govern in their own right (which is probably fortunate since a coalition with the MPP is considered the better result for miners anyway - status quo more likely).

BTW, there was a very interesting piece in Paul Garvey's recent article on Mongolia which I think was omitted from The Australian's version.

"On that note, it was interesting to see Aspire Mining strike this week a memorandum of understanding with the Mongolian subsidiary of JSC Russian Railways.

The MoU will see JSC examine the construction of a 406km rail that would link Aspire’s Ovoot coking coal deposit with the Trans-Mongolian Railway, potentially opening up an avenue to those seaborne markets.

The rail would also likely be good news for Xanadu Mines, given its Nuurstei coking coal project sits along the likely rail route. Both Xanadu and Aspire also have Noble Group as a significant shareholder."
__________________

Since the new rail extension will presumably come west from Erdenet to Morun, it will reach Khavtsgait and Nuurstei early (and AKM's Ovoort later) and I presume that XAM will not have to contribute to the cost of building the line.

Just think. AKM (Ovoort), XAM (Khavtsgait and Nuurstei), one rail line going to the higher-priced seaborne markets, with partners like Noble and the XYZ coy (whoever partners AKM to fund the line - meaning whoever buys South Gobi perhaps)... hmmmm, one day, one day.

I'm glad Paul Garvey picked up on the advantage of the rail line to XAM; reminds us all of one of the reasons we're in the stock.