By Andrei Skvarsky. Mongolia’s government has asked VTB, Russia’s second-largest bank, for a loan of $200m for buying Russian oil products, Russian media have said. Continue Reading
Tag Archives: Mongolia
Russia effectively turns down Mongolian request for $1.66m loan
By Andrei Skvarsky. The Russian government has effectively turned down a request from its Mongolian counterpart for a loan of 100bn roubles ($1.62bn), according to a Russian cabinet report whose wording suggests the refusal was not definitive. Continue Reading
Asia Frontier Capital Newsletter – Country Snapshot: Mongolia
In August 2015, the AFC Asia Frontier Fund lost -1.4%, outperforming the MSCI Frontier Asia Index (-8.1%), the MSCI World Index (-6.8%) and the MSCI Frontier Index (-5.8%), which all dropped significantly. The year to date performance of the AFC Asia Frontier Fund A-shares stands now at +0.7% versus the MSCI Frontier Asia Index which is down… Continue Reading
News release from Canrim Development
Canrim Development Pte Ltd. is a resource development company established by a team with a successful Mongolian business track record, operating in the Mongolian resources sector since 1997. Designed as a vehicle to re-enter the Mongolian resource industry in early 2014, Canrim is positioning for resurgence in minerals exploration activity in the country. In mineral… Continue Reading
Asia Frontier Capital Newsletter – Country Snapshot: Mongolia
Although it is the least densely populated country in the world, with less than 3 million people living in a land area of 1.5 million km2, Mongolia has the potential to see the greatest growth of any country within the AFC Asia Frontier Universe. Mongolia’s economy is traditionally based on herding and agriculture, but is… Continue Reading
Mongolia’s XacBank lending $10m to Mongolia Holdings rental firm
By Andrei Skvarsky. XacBank, one of Mongolia’s largest banks, has agreed to lend $10m to Mongolia Holdings, the Hertz Equipment Rental franchisee for Mongolia, as the first tranche of a proposed $40m credit line from the lender. Continue Reading
Newsletter from Canrim Resources, a Singaporean company focused on mineral resources development in Mongolia
Reflecting on 2014, Mongolia has come far, yet still has further to go. Early in the year many structural issues loomed large. This included the moratorium on the issuance of exploration licenses, development of large scale power projects and the railroad gauge debate, all of which were recently successfully resolved. In light of these productive developments, and a… Continue Reading
Newsletter from Canrim Resources, a Singaporean company focused on mineral resources development in Mongolia
An encouraging month for Mongolia, November saw significant progress on the political front. After our letter to shareholders discussing the change of leadership, with Prime Minister Chimed Saikhanbileg replacing Mr. Norovyn Altankhuyag, a coalition between the incumbent Democratic Party (DP) and opposition Mongolia People’s Party (MPP) was formed. Further, on Friday, December 5th Prime Minister… Continue Reading
Newsletter from Canrim Resources, a Singaporean company focused on mineral resources development in Mongolia
September was filled with positives for both Mongolia and Canrim. The economy continued to show signs of improvement and Canrim took full advantage of this to conduct high level meetings with several multinational mining and exploration companies, in addition to meeting with relevant Mongolian officials. Continue Reading
EXCLUSIVE: Ranjeet Sundher, president of Mongolia-focused minerals exploration company Canrim Resources Pte Ltd., talks in this interview with EmergingMarkets.me about doing business in the former communist country
Ranjeet Sundher is the president of Canrim Resources Pte Ltd., a private Singaporean minerals exploration company focused on resource development in Mongolia. Mr. Sundher has over 13 years of successful investment experience in Mongolia where he has created impressive shareholder returns. While his first Mongolian venture, started in 2001, generated a return of 20x, his… Continue Reading
ASIA FRONTIER CAPITAL – Country Snapshot – Mongolia
Although Mongolia is the least densely populated country in the world, with less than 3 million people living in a land area of 1.5 million km², the country has the potential to see the greatest growth of any market within the AFC Asia Frontier Universe. Continue Reading