You may have noticed increasing attention is being paid to the...

You may have noticed increasing attention is being paid to the growing number of explorers on the asx that call Mongolia home for exploration and hopefully production.
The reasons for this interest are many but since since the rebound in commodity prices in 2009/10 and just as
important the Mongolian government's change away from a high percent profits tax to more investment friendly tax base, major and junior company alike seem to have taken a new look (and their cheque book) at Mongolia. The aim is to tap a highly mineralised region with relatively low levels of past exploration that sits on China's doorstep.


The two beacons for mongolia resource boom are the Tavan Tolgoi coal deposit and Oyu Tolgoi, the largest undeveloped copper gold deposit in the industry being developed by Ivanhoe mines, Rio Tinto and the Mongolian government. Mongolia is wedged between China and Russia yet infrastructure poor and this will be one the key issues, if not the largest hurdle for asx listed entities to enter production in the region. In addition to Mongolia expect to see further interest in comining months in select central asian countries and through the Tethyan copper gold belt as explorers and majors chase higher returns with higher prices once again.

A few stocks that are focused and already running well in Mongolia are listed below plus two "new" recapitalised shell companies looking to enter the region. Major risks include commodity prices, continued exploration finance, infrastructure, weather, sovereign risk and paying too much for too little for acquisitions and/or during early exploration phases.


Mongolia in the news;


Mongolian Mining Corp. (MMC), Mongolia's largest privately-owned coking coal producer,
is targeting as much as HK$5.44 billion (US$701mn) in its IPO on the Hong Kong Stock Exchange.
http://www.mineweb.co.za/mineweb/view/mineweb/en/page67?oid=111893&sn=Detail&pid=102055

Change in Mongolian mining law
http://www.asx.com.au/asxpdf/20100429/pdf/31q0mp7ndwgvzv.pdf

Miners in Mongolian land rush
http://www.theaustralian.com.au/business/mining-energy/miners-in-mongolian-land-rush/story-e6frg9ex-1225929699360

Australian miners jockey for position in Mongolia
http://www.theaustralian.com.au/business/australian-miners-jockey-for-position-in-mongolia/story-e6frg8zx-1225926430487

http://www.ivanhoemines.com/i/pdf/DenverGoldForumSeptember2010.pdf

Hunnu Coal AGM presentation
http://www.hunnucoal.com/pdfs/AGMPresentation30Jul10.pdf

Mongolia Digs for Coal, Eyeing Black Gold Rush
http://www.thejakartaglobe.com/naturalresources/mongolia-digs-for-coal-eyeing-black-gold-rush/395669

Hong Kong Listed Companies Rush to Mongolia
http://www.eurasiac.com/files/press_release/RN_HKEx_Companies_Rush_to_Mongolia_200710.pdf



The below are some of the Mongolian focused companies on the asx, most ive taken positions in during the last few weeks and months. Will add to thread as im sure
more will enter this area;


AKM
Aspire Mining Ltd
Ovoot Coking Coal Project, Nurant and Shanagan JV all in Mongolia
Target JORC in 4th qtr at Ovoot, coking coal seams average ~20m.


HUN
Hunnu Coal
Coking and thermal coal projects
First coal late 2010 with plan of three coal mines in four years.


BDI
Blina Diamonds NL
Recapitalised former diamond exploration company aiming to enter mongolian coking and thermal coal projects.
Minimal details.


CEO
C@ Ltd
Very similar to BDI, new management and large rights issue to investigate coal opportunities in Mongolia.
Minimal details.


VOR
Voyager Resources
Focused on Mongolia copper and gold projects since 2009 re-listing.
Daltiin, Tsagaan and Argalant copper gold projects.
"Voyager is continuing to assess a number of opportunities....additional quality gold projects in Mongolia"


GMM
General Mining Corporation
Licences over 2000km2 prospective for potash and lithium
Drilling potash prospect this qtr.
"Active research and talks on brownfield project opportunities in Mongolia and central asia"