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SouthGobi
SouthGobi Resources is a coal mining company listed on the Hong Kong Stock Exchange and Toronto Stock Exchange. The company's primary asset is a coal mine and development projects of coal assets in Mongolia. A proposed acquisition of the company by a Chinese state owned mining firm in 2012 was thwarted by resource nationalism in Mongolia. The blocked deal led to a chain of events that negatively affected the Mongolian economy for the rest of the decade. Quickly in response to the announced deal, Mongolia passed an investment review law in Mongolia (shortly repealed after enactment) that while only briefly in force stunted for years foreign investor confidence in the country, which had been a darling in emerging markets investment circles before 2012. After the blocked deal, SouthGobi would itself face an equally dramatic fall from grace as the Mongolian economy. By 2015, the company lost 98% of its once sky high $3 billion Canadian dollar market capitalization that had peaked i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turquoise Hill Resources
Turquoise Hill Resources was a Canadian mineral exploration and development company headquartered in Montreal, Quebec, and a majority-owned subsidiary of Rio Tinto Group. The company was called Ivanhoe Mines until August 2, 2012 when a financing agreement was completed with Rio Tinto. Rio Tinto acquired full ownership of Turquoise Hill in December 2022. Its principal and only material mineral resource interest is a 66% share of the Oyu Tolgoi Copper-Gold Mine in Southern Mongolia 200 km east of Dalanzadgad. The Oyu Tolgoi Project is considered one of the world's largest copper and gold porphyry deposits. For development to happen at Oyu Tolgoi, an agreement had to be made in which the Mongolian government took a 34% stake in the project; the royalty arrangement it currently has with the Mongolian government took years to reach which caused significant delays in project development. In Australia, Turquoise Hill Resources has stakes in mines containing gold, uranium, copper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Cinda
China Cinda Asset Management Co., Ltd. known as China Cinda or just Cinda is a Chinese merchant bank and asset management company. The corporation was founded as a state-owned enterprise and a bad bank for China Construction Bank in 1999. The bank received shares by debt-to-equity swap on non-performing loans. In 2010, the corporation became a "company limited by shares" (). In 2013, part of the shares were started to float on Hong Kong Stock Exchange. In 2015 Cinda acquired Nanyang Commercial Bank from fellow state-controlled financial conglomerate Bank of China (Hong Kong). Portfolio companies * Baiyin Nonferrous (5.38%) * China Unicom (via private equity fund) * Daye Non-Ferrous Metals Mining (, 5.24%) * Fenxi Mining Industry Group * Jincheng Anthracite Mining Group (17.066%) * Huozhou Coal Electricity Group (36.97%) * Taiyuan Coal Gasification Group (11.15%) * Xishan Coal Electricity Group (35.47%) * SouthGobi Resources SouthGobi Resources is a coal mining company listed on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tsakhiagiin Elbegdorj
Tsakhiagiin Elbegdorj (, ''Cahiagín Elbegdorj'' ; also referred to as Mongolyin Tsakhiagiin Elbegdorj and Tsakhia Elbegdorj; born 30 March 1963) is a Mongolian politician who served as President of Mongolia from 2009 to 2017. He previously served as Prime Minister in 1998 and again from 2004 to 2006. Elbegdorj was one of the key leaders of the 1990 Mongolian democratic revolution that ended 70 years of communist rule in Mongolia, and co-drafted the country's 1992 constitution that guaranteed democracy and a free market economy. Elbegdorj has been labeled by his supporters as a "freedom fighter" and the "Golden Sparrow of Democracy," alluding to a bird that comes with spring sunshine after a long, harsh winter. Elbegdorj is the founder of the '' Ardchilal'' (English: ''Democracy'') newspaper – the country's first independent newspaper – and helped to establish the first independent television station in Mongolia. His tenure has focused on fighting corruption, environmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Convertible Debenture
In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th century, and was used by early speculators such as Jacob Little and Daniel Drew to counter market cornering. Convertible bonds are most often issued by companies with a low credit rating and high growth potential. Convertible bonds are also considered debt security because the companies agree to give fixed or floating interest rate as they do in common bonds for the funds of investor. To compensate for having additional value through the option to convert the bond to stock, a convertible bond typically has a coupon rate lower than that of similar, non-convertible debt. The investor receives the potenti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coal Companies Of Mongolia
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dead plant matter decays into peat and is converted into coal by the heat and pressure of deep burial over millions of years. Vast deposits of coal originate in former wetlands called coal forests that covered much of the Earth's tropical land areas during the late Carboniferous ( Pennsylvanian) and Permian times. Many significant coal deposits are younger than this and originate from the Mesozoic and Cenozoic eras. Coal is used primarily as a fuel. While coal has been known and used for thousands of years, its usage was limited until the Industrial Revolution. With the invention of the steam engine, coal consumption increased. In 2020, coal supplied about a quarter of the world's primary energy and over a third of its electricity. Some iron a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nariin Sukhait Mining Complex
The Nariin Sukhait or Ovoot Tolgoi mining complex ( mn, Нарийн Сухайт / Овоот Толгой) is located in the Gurvan tes sum (district) of Ömnögovi Province in Southern Mongolia Mongolia; Mongolian script: , , ; lit. "Mongol Nation" or "State of Mongolia" () is a landlocked country in East Asia, bordered by Russia to the north and China to the south. It covers an area of , with a population of just 3.3 million, .... The site is 25 km SE from sum center and 56 km north of Shivee Khüren - Ceke crossing point on the Mongolian-Chinese border. Three companies operate at Nariin Sukhait Mine as independent coal producers, namely, Mongolyn Alt Corporation LLC, Mongolia; and Mongolian-Chinese JV "Qinhua-MAK-Nariin Sukhait" LLC; as well as South Gobi Energy Resources Inc (a subsidiary of Ivanhoe Mines Inc), through its local subsidiary South Gobi Sands LLC. Nariin Sukhait is reported to hold about 380 million mt of resources of high-rank, low- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aluminum Corporation Of China Limited
Aluminum Corporation of China Limited (, known as Chalco), is a Chinese company listed in Hong Kong and in New York. A multinational aluminium company, its headquarters are in Beijing, People's Republic of China. It is the world's second-largest alumina producer and third-largest primary aluminium producer (and the largest producer in China). Chinalco is principally engaged in the extraction of aluminium oxide, electrolysis of virgin aluminium and the processing and production of aluminium as well as traded trading and engineering and technical services. Its primary listing is on the Shanghai Stock Exchange and it is a constituent of the SSE 180 index. It has a secondary listing on the Hong Kong Stock Exchange. The major shareholder of the company was Aluminum Corporation of China known as Chinalco (), a state owned enterprise. Organization The company has a number of distinct business segments including (1) alumina refining, (2) primary aluminum smelting, and (3) energ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rio Tinto (corporation)
Rio Tinto Group is an Anglo-Australian multinational company that is the world's second-largest metals and mining corporation (behind BHP). The company was founded in 1873 when of a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions. Although primarily focused on extraction of minerals, Rio Tinto also has significant operations in refining, particularly the refining of bauxite and iron ore. Rio Tinto has joint head offices in London (global and "plc") and Melbourne ("Limited" Australia).Suburbs & Postcodes " |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City
A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be defined as a permanent and densely settled place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, utilities, land use, production of goods, and communication. Their density facilitates interaction between people, government organisations and businesses, sometimes benefiting different parties in the process, such as improving efficiency of goods and service distribution. Historically, city-dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cities, which has had profound consequences for g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Investment Corporation
China Investment Corporation (CIC) (Chinese: 中国投资有限责任公司; pinyin: ''zhōngguó tóuzī yǒuxiàn zérèn gōngsī'') is a sovereign wealth fund that manages part of the People's Republic of China's foreign exchange reserves. China's largest sovereign wealth fund, CIC was established in 2007 with about US$200 billion of assets under management, a number that grew to US$941 billion in 2017 and US$1.2 trillion in 2021. History As of 2007, the People's Republic of China has US$1.4 trillion in currency reserves. (By 2013, US$3.44 trillion.China Investment Corporation Profile Sovereign Wealth Fund Institute. July 2, 2008. Retrieved August 27, 2013.) The China Investment Corporation was established with the intent of using these reserves for the benefit of the state, modeled a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Mongolia
The economy of Mongolia has traditionally been based on agriculture and livestock. Mongolia also has extensive mineral deposits: copper, coal, molybdenum, tin, tungsten, and gold account for a large part of industrial production. Soviet assistance, at its height one-third of Gross domestic product (GDP), disappeared almost overnight in 1990–91, in the time of the collapse of the Soviet Union. Mongolia was driven into deep recession. Economic growth picked up in 1997–99 after stalling in 1996 due to a series of natural disasters and increases in world prices of copper and cashmere. Public revenues and exports collapsed in 1998 and 1999 due to the repercussions of the Asian financial crisis. In August and September 1999, the economy suffered from a temporary Russian ban on exports of oil and oil products. Mongolia joined the World Trade Organization (WTO) in 1997. The international donor community pledged over $300 million per year in the last Consultative Group Meeting, held ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
