Monday, February 06, 2012
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Monday, February 6, 2012
Thursday, January 26, 2012
Best Suppliers of Oyu Tolgoi Upholding Health, Safety Principles will be Recognized
Ханбогд, Даланзадгад болон Өмнөговийн бусад суманд үйл ажиллагаа эрхэлдэг 3 ханган нийлүүлэгч орон нутгийн шилдгээр шалгарна
Монгол улс, Улаанбаатар (ot.mn) Оюу Толгой ХХК 2011
оны шилдэг ханган нийлүүлэгчийн шагнал гардуулах “Эрдэнийн Говь” арга
хэмжээг энэ Пүрэв гарагт зохион байгуулж шилдэг 20 ханган нийлүүлэгчийг
шалгаруулах бөгөөд эдгээрийн дундаас орон нутгийн хөгжилд хувь нэмрээ
оруулж буй Ханбогд сумын шилдэг ханган нийлүүлэгч, Даланзадгад сумын
шилдэг ханган нийлүүлэгч болон Өмнөговь аймгийн бусад суманд үйл
ажиллагаа явуулдаг шилдэг ханган нийлүүлэгч ангиллаар 3 аж ахуйн нэгжийг
тодруулах юм.
Оюу Толгой ХХК-ийн Бүс нутгийн хөгжил, нийгмийн асуудал эрхэлсэн Дэд
захирал Т.Баярсайхан, “Манай компанийн эн тэргүүний зорилт бол орон
нутгийн хөгжлийг дэмжих бодлого, түүний хэрэгжилт билээ. Өмнөговь
аймгийн Даланзадгад, Ханбогд, Манлай, Баян-Овоо зэрэг уурхайн нөлөөллийн
сумдад төслийн сөрөг нөлөөллийг бууруулах, орон нутгийн усан болон
цахилгаан хангамжийг сайжруулах, ажлын байр бий болгох, хөдөлмөрийн
эрхлэлтийн чадавхийг дээшлүүлэх, нутгийн соёлын өвийг хамгаалах,
иргэдийн эрүүл мэндийг дэмжих чиглэлээр дорвитой ажлуудыг үр бүтээлтэй,
амжилттай хийж гүйцэтгэхэд орон нутгийн ханган нийлүүлэгч, үйлчилгээ
үзүүлэгч компаниудын оролцоо, үүрэг хамгийн чухал юм” гэж онцоллоо.
Орон нутгийн бизнес, жижиг дунд үйлдвэрлэлийг дэмжих зорилгоор Оюу
Толгой ХХК 1,5 тэрбум төгрөгийн хөнгөлөлттэй зээлийн эх үүсвэрийг гаргаж
ХААН болон Хас банкны орон нутгийн салбарт байршуулан зээл олгож
эхэлсэн 2010 оноос хойш өдгөө 84 бизнес эрхлэгчид 850 гаруй сая
төгрөгийн зээл авч шинээр бизнес эрхлэх, бизнесээ өргөтгөх боломжтой
болоод байгаа билээ.
Мөн Өмнөговь аймгийн 9 сумын нийт 200 гаруй ханган нийлүүлэгчид Оюу
Толгой төсөлд нийт 3,2 тэрбум төгрөгийн ажлын хувцас, оёмлол нэхмэл
бүтээгдэхүүн, ус, хүнсний бүтээгдэхүүн, гар урлалын зүйлс, барилга
угсралтын ажил гэх зэрэг бараа үйлчилгээг ханган нийлүүлсэн үзүүлэлтээр
2011 оныг үдсэн байна. Түүнчлэн аймгийн төвд байрлах орон нутгийн ханган
нийлүүлэгчдийн чадавхийг бэхжүүлэх зорилго бүхий Бизнес хөгжлийн төвийг Оюу Толгойн хөрөнгө, санаачилгаар байгуулснаас хойш өдгөө 6 мянга гаруй
бизнес эрхлэгчид, нутгийн иргэдэд хүрч үйлчлээд байна.
Thursday, December 8, 2011
Wednesday, October 5, 2011
Wednesday, August 10, 2011
Wednesday, August 3, 2011
Thursday, July 14, 2011
Wednesday, June 1, 2011
Mongolian Mining Said Near $465 Million Purchase of Mine
June 1 (Bloomberg) -- Mongolian Mining Corp., the nation’s biggest coking coal exporter, is close to buying a Mongolian mine from a unit of Kerry Holdings Ltd. for $465 million, according to two people with knowledge of the matter.
Mongolian Mining plans to pay about $380 million in cash and issue $85 million of convertible bonds, said the people, who asked not to be identified because the deal hasn’t been announced. The QGX coking coal mine, bought by a unit of Kerry Holdings in 2008, is adjacent to one already owned by Mongolian Mining, the people said.
Prices for coking coal, one of two key steelmaking raw ingredients, rose to a record in the first quarter, boosting appetite for mergers and acquisitions. Rio Tinto Group in April won control of Mozambique developer Riversdale Mining Ltd. following a A$3.9 billion ($4.2 billion) offer in December.
An announcement may come as soon as today, said the people. Calls to Mongolian Mining and Kerry Holdings after regular business hours weren’t returned.
Mongolian Mining, based in Ulaanbaatar, raised about $750 million in an initial public offering in October. The company said in its IPO prospectus that it was Mongolia’s biggest exporter of coking coal in the first half of 2010.
It plans to raise production to 15 million metric tons a year by 2013 to meet increasing demand for the raw material from China’s steelmakers, Chief Executive Officer Battsengel Gotov said in September.
Australian Floods
Asian steelmakers may pay as much as 8 percent less for hard coking coal next quarter as Australian supplies recover from disruptions caused by heavy rain and flooding in the world’s biggest exporter of the commodity.
Australian free-on-board prices may drop to $305 a ton for three-month contracts starting July 1, according to the median estimate of nine analysts surveyed by Bloomberg News last month. Forecasts ranged from $280 to $330 a ton.
Japan’s Kobe Steel Ltd. agreed to pay Rio a record $330 a ton for the quarter starting April 1. The talks ended before a magnitude-9 earthquake in the Asian nation halted some steel output.
Mongolian Mining operates at Tavan Tolgoi, near the border with China. The Tavan Tolgoi deposit is one of the world’s largest unexploited reserves of coking coal.
--With assistance from Jesse Riseborough in London Editors: John Viljoen, Tony Barrett
To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net
To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net
Tuesday, May 24, 2011
Thursday, May 19, 2011
Mongolia Targets $700 Million in Debut Domestic Bond Sales From This Month
Mongolia’s newly created development lender is aiming to sell $700 million of domestic-currency bonds in 2011, with sales scheduled to begin this month, the bank’s chairman said.
Investors will be offered tugrik-denominated bonds due in five, 10, and 15 years in several sales from the end of this month to around September, Chuluundorj Khashchuluun, the Ulan Bator-based chairman of the Development Bank of Mongolia, said in a telephone interview yesterday. The bonds will be backed by the government, which has approved the sales, he said.
“In a week or two we will have another meeting with investors to make more concrete plans” to set terms for the initial sale, Khashchuluun said. The central bank and finance ministry are involved in “extensive consultations” on the sales, he said.
It will be the first sovereign offerings by the resource- rich nation that needs to quadruple the size of its rail network, add power and water plants, and build more roads before it can increase metal and mineral exports. New transport projects would also help Mongolia ease its economic reliance on its neighbor China, which took nearly 80 percent of shipments last year, according to official data.
The bonds will be offered via the stock exchange and the central bank, with a private placement also possible, Khashchuluun said. The size of the offering may be adjusted to reflect market demand and also bring in a wide range of investors with the number of sales not yet decided, he said. Domestic banks and international investors have shown interest in the debt and yields are being discussed, Khashchuluun said.
Surging Tugrik
Moody’s Investors Service rates Mongolian sovereign debt B1, four levels below investment grade, while Standard & Poor’s rates the North Asian nation BB-, three levels below investment grade. Moody’s rates Mongolia the same as Sri Lanka, which sold 10-year bonds to yield 6.25 percent in September last year.
“The bank’s lending can’t be very costly, because it is policy-based financing,” Khashchuluun said. Although, rates have to be high enough to attract investors, he said. “So it demands a balance.”
The tugrik has strengthened 18.2 percent against the dollar since the beginning of last year, the second-best performance among all currencies tracked by Bloomberg after the Australian dollar.
The government has tasked Development Bank of Mongolia, which opened yesterday, to help finance rail, road and other infrastructure projects as well as the building of an industrial park. The bank is in a hurry to start the sales so that it can access funding before construction stops due to freezing temperatures in the winter months, Khashchuluun said. Lack of infrastructure is holding back economic development across the economy, he said.
To contact the reporters on this story: Yuriy Humber in Tokyo at yhumber@bloomberg.net;
To contact the editor responsible for this story: Andrew Hobbs at ahobbs4@bloomberg.net
Source:Bloomberg news wire service
Investors will be offered tugrik-denominated bonds due in five, 10, and 15 years in several sales from the end of this month to around September, Chuluundorj Khashchuluun, the Ulan Bator-based chairman of the Development Bank of Mongolia, said in a telephone interview yesterday. The bonds will be backed by the government, which has approved the sales, he said.
“In a week or two we will have another meeting with investors to make more concrete plans” to set terms for the initial sale, Khashchuluun said. The central bank and finance ministry are involved in “extensive consultations” on the sales, he said.
It will be the first sovereign offerings by the resource- rich nation that needs to quadruple the size of its rail network, add power and water plants, and build more roads before it can increase metal and mineral exports. New transport projects would also help Mongolia ease its economic reliance on its neighbor China, which took nearly 80 percent of shipments last year, according to official data.
The bonds will be offered via the stock exchange and the central bank, with a private placement also possible, Khashchuluun said. The size of the offering may be adjusted to reflect market demand and also bring in a wide range of investors with the number of sales not yet decided, he said. Domestic banks and international investors have shown interest in the debt and yields are being discussed, Khashchuluun said.
Surging Tugrik
Moody’s Investors Service rates Mongolian sovereign debt B1, four levels below investment grade, while Standard & Poor’s rates the North Asian nation BB-, three levels below investment grade. Moody’s rates Mongolia the same as Sri Lanka, which sold 10-year bonds to yield 6.25 percent in September last year.
“The bank’s lending can’t be very costly, because it is policy-based financing,” Khashchuluun said. Although, rates have to be high enough to attract investors, he said. “So it demands a balance.”
The tugrik has strengthened 18.2 percent against the dollar since the beginning of last year, the second-best performance among all currencies tracked by Bloomberg after the Australian dollar.
The government has tasked Development Bank of Mongolia, which opened yesterday, to help finance rail, road and other infrastructure projects as well as the building of an industrial park. The bank is in a hurry to start the sales so that it can access funding before construction stops due to freezing temperatures in the winter months, Khashchuluun said. Lack of infrastructure is holding back economic development across the economy, he said.
To contact the reporters on this story: Yuriy Humber in Tokyo at yhumber@bloomberg.net;
To contact the editor responsible for this story: Andrew Hobbs at ahobbs4@bloomberg.net
Source:Bloomberg news wire service
Thursday, May 5, 2011
First Supplier Enrolment and Development Centre opens in Dalanzadgad
Уг төв нь Оюу Толгойн ханган нийлүүлэгч болох хүсэлтэй орон нутгийн бизнес эрхлэгчдэд сургалт явуулах, дэмжлэг үзүүлэх үндсэн чиг үүрэгтэй юм. Оюу Толгой ХХК уурхайн үйл ажиллагаанд шаардлагатай бараа үйлчилгээг дотоодоос худалдан авах, Өмнийн говийн бүсийн тогтвортой хөгжилд хувь нэмрээ оруулахад анхаарч ажиллаж байна.
Бизнес хөгжлийн төв үйл ажиллагаагаа эхэлснээр орон нутгийн иргэд нэг доороос бүх төрлийн үйлчилгээг авах бололцоотой болохын зэрэгцээ Оюу Толгой ХХК болон Хас Банкны хамтран хэрэгжүүлж буй нийт 1 сая ам.долларын жижиг зээлийн хөтөлбөрт хэрхэн хамрагдах тухай тусгайлсан бизнес сургалтанд хамрагдах боломжийг нээж өгч байна.
Бизнес хөгжлийн төв олон зориулалтын гал тогоо, оёдлын цех, хурлын танхим, компьютер сургалтын өрөө зэргээс бүрдэх юм. Түүнчлэн хэрхэн Оюу Толгойн ханган нийлүүлэгч болох, компанийн хангамж худалдан авалтын бодлогыг танилцуулах үйл ажиллагаа байнга явагдана.
Мөн орон нутгийн иргэдийн бараа бүтээгдэхүүнийг хадгалах, тээвэрлэх хэсгүүд ажиллана.
Мөн орон нутгийн иргэдийн бараа бүтээгдэхүүнийг хадгалах, тээвэрлэх хэсгүүд ажиллана.
Бизнес хөгжлийн төвийн барилгын ажил 2010 оны 11 дүгээр сард эхэлсэн бөгөөд Оюу Толгой ХХК-ийн зүгээс уг төсөлд 700,000 ам.доллар зарцуулсан байна.
Барилгын ажилд Даланзадгад сумын дөрвөн омпани туслан гүйцэтгэгчээр ажилсан ба барилгын ерөнхий гүйцэтгэгчээр Улаанбаатар хотын "Измон" ХХК ажиллажээ. Ажлын гүйцэтгэлд Монгол улсын барилгын салбарт баригдаж буй стандарт, Оюу Толгойн эрүүл мэнд, аюулгүй ажиллагааны журмыг баримталж ажилласан.
Цаашид Ханбогд сум болон Улаанбаатар хотноо Бизнес хөгжлийн төвүүдийг 2011, 2012 онд тус тус ашиглалтанд оруулахаар төлөвлөж байна.
Оюу Толгой ХХК-ийн Ерөнхийлөгч бөгөөд Гүйцэтгэх Ерөнхий Захирал Камерон МакРей “ Бизнес хөгжлийн төв өнөөдөр үүд хаалгаа нээж буйд бид их баяртай байна. Энэ төв орон нутгийн бизнес эрхлэгчид манай ханган нийлүүлэгч болоход дэмжлэг үзүүлэх гол түлхүүр болно гэдэгт итгэлтэй байна. Төвийн үйл ажиллагааг эхлүүлэхэд хувь нэмрээ оруулсан бүх хүмүүст талархлаа илэрхийлье” хэмээн нээлтийн үеэр хэлсэн үгэндээ онцлон дурдсан байна.
Одоогоор Даланзадгад, Ханбогд сумдын 103 бизнес эрхлэгч Оюу Толгойд бүтээгдэхүүн, үйлчилгээ нийлүүлж байгаа бөгөөд нийт 1.5 сая ам.долларын гэрээ хийгээд байна.
Wednesday, May 4, 2011
Friday, April 8, 2011
Tuesday, April 5, 2011
Wednesday, March 30, 2011
Monday, February 28, 2011
Saturday, February 26, 2011
Workers' Compensation Insurance
The first four papers in this volume address benefit system policy matters, and the last ten papers address the pricing, regulation, and potential insolvency of workers' compensation insurance.
Within each general area, the papers are arranged in such a way that the first papers address broad issues of workers' compensation benefits and prices; the later papers address issues which are more specific in nature. The first four papers address:
* the determinants of the level of workers' compensation benefit level;
* the determinants of the shape and location of a loss distribution; and
* the factors that affect the propensity of temporary total disabilities to become permanent disabilities.
Within each general area, the papers are arranged in such a way that the first papers address broad issues of workers' compensation benefits and prices; the later papers address issues which are more specific in nature. The first four papers address:
* the determinants of the level of workers' compensation benefit level;
* the determinants of the shape and location of a loss distribution; and
* the factors that affect the propensity of temporary total disabilities to become permanent disabilities.
Thursday, January 20, 2011
LSE Partners with Mongolia Stock Exchange. Major Boost for MSE and Real Coup for LSE.
LSE signs strategic partnership with the Mongolian Government. The London Stock Exchange Group ("LSE") and the Mongolian State Property Committee ("SPC") have signed an exclusive Strategic Partnership Agreement to restructure and develop the Mongolian Stock Exchange ("MSE"), according to the joint press release made public yesterday. In our view, this is an important milestone in the development of the Mongolian securities market with long term positive impact. According to the agreement, LSE will appoint a management team to oversee MSE development and privatization, and will provide trading and surveillance infrastructure. The MSE is expected to go through a comprehensive reform and upgrade as LSE plans to be involved from advisory and training on capital markets infrastructure and legislative framework, modernisation of market rules and operations to expansion of tradable asset classes (derivatives and ETFs) and introduction of "international standard Mongolian market index".
Win-win partnership. In our view, both LSE and MSE will benefit from this partnership. Under LSE management, MSE should become an effective source of capital for Mongolia companies and widen opportunities for local and international investors with expected IPOs and increased market size. At the same time, with its expertise and technology, LSE will gain access to the resource-rich frontier market and should be able to compete effectively with large regional stock exchanges such as the Hong Kong Stock Exchange (HKEx), especially for international IPOs and dual listings of major Mongolian state-owned enterprises (SOEs), most importantly Erdenes Tavan Tolgoi. We view that this partnership increases LSE's chances to become a strategic shareholder when the Mongolia government proceeds with the MSE privatization.
MSE to continue global outperformance. We believe the partnership with LSE will help MSE to become one of the best performing stock markets in 2011 and beyond, following its impressive performance in 2010. Such outperformance over the next several years would be based on the expectation that LSE would be able to assist in unlocking the huge potential of the Mongolia capital markets - valuation rerating, boost in liquidity, improvement in corporate governance, stronger pipeline of IPOs and equity offerings as well as dual listings by international listed companies with operations in Mongolia. Major IPOs by the Mongolian SOEs and large private sector companies coupled with possible dual listings by Mongolia-focused international listed companies with their current US$33bn in market capitalization may catapult the Mongolia Stock Exchange into one of the largest frontier markets globally in the next 4-5 years.
In our view, this partnership should accelerate the process of MSE becoming a viable source of capital for Mongolian companies and an efficient channel for wealth distribution from mineral resources among Mongolian population. Over the longer term, LSE may assist MSE to become a regional hub for capital raising by resource companies, attracting listings from neighboring countries. We expect Mongolia to emerge firmly on the map of international investors and join the MSCI frontier market index, perhaps as early as this year. We reiterate our key recommendation for investors to gain exposure to the Mongolian local equities as Mongolia is still in the early stage of its 2010-2020 period of the world beating economic growth.
Source: Euroasia Capital
Tuesday, January 4, 2011
Friday, December 24, 2010
Dalanzadgad Business Centre to develop local supplier capability
The first of three Business Development Centres announced earlier this year is nearing completion and is expected to open in January 2011.
The Centre, opening in Southgobi’s regional capital of Dalanzadgad, will provide invaluable support and skills development to prospective local suppliers, including smaller start-up businesses.
Each Centre will work closely with the Oyu Tolgoi Procurement department to develop and strengthen local business potential and train businesses to understand international standards in procurement practices, for instance, responding to a tender.
Each Centre will consult with local businesses to identify work areas and skills they could focus on and develop in order to supply to Oyu Tolgoi in the future. It will also advise on internal training needs and access to finance such as gaining micro-credit loans.
Not only will the Business Development Centres play a large role in building local supply capability, but local suppliers have featured significantly in the development of the Dalanzadgad centre:
Izmone LLC: main construction contractor is sub-contracting to many smaller construction companies in
Dalanzadgad town.
Khachig Khairkan LLC: supplying and installing all windows for the centre.
Dayanbaigal LLC: renovation work to existing structures.
Govi Gurvan Saikhan LLC: construction work on the structure that will house the boiler.
In addition to these local suppliers the town electricity, water and waste companies will also do all of these works for the centre. Plans are underway for the construction of the next Business Development Centre in Khanbogd town in 2011.
