October 20, 2009

Ivenhoe deal opens door for Mongolia investment

Yamartai ch neg uye bodoh n Mongol gedeg uls baidag, niislel n Ulaanbaatar gedgiig humuus mer ser gadarlahtaigaa bolchihoj (humuus gedegt n bugdiig oruulaad ch yu gehev, Baruuniihan, yalanguya Europiinhon medeed baih shig baigaa yumaa. Enuuhend baidag Taiwanuud harin manai ulsiin tusgaar uls gedegt ergelzeed baidag n jaahan tiimerhuu l baidag yum, geed yaay gehev ednii tuuhiin tuhai bolovsroliin systemiig n negent oorchilj chadahgui hoino, iim tuuh zaalguulaad baigaa ard tumniih n haranhuig gaihaltai n bish) Wallstreet soninii ene odriin dugaar deer neg n Oyu Tolgoi toirson medee, nogoo n "scene by scene" films of Asia Pacific, kino odorlogiin tuhai surtalchilgaan deer Enetheg, Singapore, Japantai zeregtseed Mongol, Tovd (Tibet)-iin zurag hevlegdsen, 2 material garsan baih yum. Baga bagaar neegdeed l baina, uuniig sain hereg gej oilgoh n zov baih.

Ene Oyu Tolgoitoi holbogdson medeeg oruulj baigaagiin shaltgaan n gevel ene medeen deer garsan zarim neg helleguudiig unshaad gadarladag (tsaashilbal meddeg, bur ahsigladag) bolchih heregtei yum bolov uu, yalanguya businessiinhen, toriin ondor alban tushaaltanguud, bolon Mongol ulsiin "shine" ireeduin gerch n boloh zaluu uye n. Jishee n landmark agreement gej yu boloh, private equity fund, windfall tax ch gedeg yum uu. Shivj oruulsan tul jijig sajig aldaa baij magadgui baih, uuchilna buizaa.

Eh survalj: Wall Street Journal October 19, By Ellen Sheng

Hong Kong - Some foreign investors hope the sprawling desert country of Mongolia will become the next big resource story, following a landmark agreement with the government to develop one of the world's biggest copper-and-gold deposits.
Earlier this month, Mongolia's government signed a deal with Canada based Ivenhoe Mines Ltd. to develop the US4$ billion Oyu Tolgoi project, marking the countries first mining privatization. The deal, in which mining giant Rio Tinto PLC is also involved through an investment in Ivenhoe, helps clear up uncertainty regarding taxation and government involvement and lays the groundwork for more foreign investment.
Mongolia, a sparsely populated, landlocked country tucked between China and Russia, has some of the world's largest untapped reserves of coal, copper and other mineral commodities. At least 24 other resource deposit are waiting to be developed and privatized. It has an estimated 62,000 tons of uranium reserves - the world's 15th largest - and total coal reserves of about 100 billion tons. In all, the Mongolian government hopes to attract $25 billion in foreign investment in the mining sector over the next five years.
So far, political and regulatory uncertainties have kept Mongolia out of the global commodities boom. Concern about the potential damage mining could inflict on the environment has also spurred the public opposition to foreign investment in the past.
Negotiations with government regarding Oyu Tolgoi dragged on for six years but finally became serious earlier this year after the government announced it would scrap 68% windfall tax on sales of copper and gold. The government also classified terms under which it can take a stake, eliminated provisions for value-added tax and clarified some issues related to resource and water use. Under the deal, the government will own 34% stake in the mine.
Keeping close tabs on the Oyu Tolgoi project, global private equity firms such as Oaktree Capital Management LP, Franklin Templeton Investments and Carlyle Group LP have talked with Mongolian conglomerates looking to develop resources and infrastructure. Sovereign-wealth funds such as Singapore's Temasek Holding Pte. Ltd. and China Investment Corp. also have shown interest.
Temasek and private-equity firm Hopu Investment Management Co. in late 2007 invested in a combined $300 million in Hong KOng Lung Ming INvestment Holding Ltd., a firm that owns a majority stake in the operator of Mongolia's Eruu Gol iron-ore project.
CIC is also in talks to invest $300 million in Lung Ming, people familiar with the situation have said. Ivenhoe's chief executive said last month that several sovereign funds had expressed interest in investing in the company.
Global banks including Credit Suise Group and Deutsche Bank AG have provided development financing for resources companies such as Mongolia Energy Corp., Lung Ming and South Gobi Energy Resources LLC.

With Mongolia, investors now have a "really good opportunity of getting exposure to the mining sector and also to get into the China Resource play," said Mandar Jayawant, who is heading up Frontier Investment and Development Partners' Mongolia fund out of Ulaanbaatar. Frontier is raising what it believes is the first-ever Mongolia-focused private equity fund.
Frontier expects its first closing with $45 million from Korean and Japanese investors early next year and aims to raise $100 million.
"It is certainly almost impossible to exagerate Oyu Tolgoi's mltiolier effect", Christopher Wood, and analyst at CLSA Asia Pacific MArkets wrote in a recent report. "Mongolia has the potential to become the ultimate high-beta play for the investment story based on China's rapacious demand for resources."
Next up after Oyut Tolgoi is Tavan Tolgoi, a six billion-ton coal deposit, where potential investors including Brazil's Vale, Peabody Energy Corp., and Chinese companies have shown interest.
Hurdles remain along the way. As in other frontier markets, the country's legal system is a source of concern. And though Mongolia has major mining deposits, private equity firms can't easily invest large sums in them.
"The most obvious near term opportunties are for small to mid-sized private equity looking to invest US $10 million to US $30 million in a late stage exploration company that could list in Hong Kong or be sold to a strategic buyer," said Robert Lepsoe, an adviser to the Mongolian government who has been given the task of setting up a sovereign-wealth fund for the country.

October 18, 2009

How to conduct better presentation?

Harvard Business Review -iin negen dugaart herhen "sain" iltgeh ve sedevt 1 iim zuil garsan baina. Onoodriig hurtel delgets ruugee harj barag unshihchaa ayddag baisan mani met n unshaad ooriinhoo bolhi noir hurgesen baidliig oorchloh geed uzej l baina. Ta ch gesen oroldood uzeerei.

Strategies for Reducing Stage Fright:
1. Understand that your listeners want you to do well.
2. Believe you know more than your audience.
3. Familiarize yourself with the setting.
4. Get to know some of the audience before you speak.
5. Prepare your message; indeed, over prepare.
6. Imagine questions that might be asked.
7. Memorize the first and last minutes of your presentation.
8. Focus on the audience, not on yourself.
9. Never tell the audience you are nervous.
10. Talk positively about your presentation to yourself.
11. Turn your energy into something positive.
12. Be flexible and adaptive during your presentation.
13. Understand that no presentation is “that important.”
14. Remember that you are not a good judge of how nervous you appear.
15. Believe compliments on your presentation.
16. Think! Plan ahead to avoid problems.

October 12, 2009

Federal Reserves Ben Bernanke on the road

Manaid l buh alba n uls toriin alban tushaal bolchidogoos bish Ben Bernanke bol end USA-iin irgenii erh ashgiig hamgaalj tov banknii yeronhiilogchiin sentiid baigaa gedgee helj baih bogood ajlaa ch sain hiij baigaa shig haragdah yum. Sayhan l balarch baisan ediin zasag ovoo sergechihseniig bodohod. Gehdee ch sayiin zambaraagui songuuliin uyeiin uls torchdiin "buyanaar" inflyatsi n erchimtei nemegdsen manai ulsad Batsukh yeronhiilogchiin udirdlaag dor Mongol banknii bodlogo n zov baisnii huchind inflyatsaa barichih shig bolloo. Bayar hurgeye, yadaj ajlaa meddeg neg ch gesen baiguullaga baidag l yum shig baina.

Harin ene songuuliin uyeer ulsiin horongoor "naaddag"iig n l boliulchihmaar baigaa yumdaa. Heden hend ch hereggui hevlemel huudas, ner devshigchdiin songuuliin campaigned ajillahchaa aydsan heden hund (nogooteiguur nogoo hediigee "saasan", hetdee alban tushaal goridson ch gedeg yum uu) tur zuuriin orlogo, bas bus urgui zardal bolgood ulsiin mongoor naadchdag; Mon olon suudal avahiin tuld "munhag ardaa" moligodood tsalin uramshuulal ene ter nemj (nogooh n daanch inflyatsind diildeed bodit orlogo n nemegdehgui shahuu) sain neriig oloh gej ediin zasgaa nuraachihaa aydaad baigaa teneg yavdliig l zogsoochih yumsan daa.

Mr. Bernanke tegeed sayiin sanhuugiin hyamral, ANU-iin tov banknaas bolon zasgiin gazriin avch heregjuulj baigaa bodlogiin talaar humuusiin asuultand hariulj baina. Ediin zasag, sanhuu, business geltgui yer n macro ediin zasag bolon sanhuugiin zah zeeliig sonirhoj baigaa olon hund boginohon hugatsaand boditoi (end tendees baahan yum unshihchaa aydaad baigaa hirnee bagtsalj oilgoj chadaagui mani met shig yumnuudad ih dajgui sanagdsan tul) medeelel avchihaar sain yariltslaga bolson baina gej bodson bolohoor upload hiichihlee.

http://www.pbs.org/newshour/video/share.html?s=news01pa98

October 6, 2009

Global warming with Al Gore

Bi boddog bailaa l daa magadgui global warming geh zuil n sain baij magadgui gej. Uchir n global warming bolj dalain uurshilt nemegdseneer unah tunadasnii hemjee nemegdej tsoljilt yavagdaj bui manai ulsad heregtei yum bolov uu gej. Getel suuliin heden jiliin delhii dahind bolj baigaa baigaliin uzegdluudees ajiglaad baihad ene bur shal esregeeree, tunadas ih unadag gazruudad ulam nemegden uyer bolood, unadaggui gazruudad bur gan gachig bolj baigaagaar ilerch baigaa yum. Onoodor ene kinog uzej suugaad uuniihee hariultiig avlaa. Manai tsoljilt zereg asuudal n bas ch tanagtai baigaa yum baina. Tomoohon gazar nutag buhii tengis, nuur hurtel shirgechihsen baihad. Uneheer anhaarahgui baij bolmoorgui ed yum. Enetheg uls tsomiin erchim huchiig enhiin jurmaar ashiglah hotolbor heregjuulehees oor argagui bolsnoo sayhan medegdsen. Manai uls ch gesen tsomiinh n hangaltgui yumaa gehed renewable energy heregleh talaar anhaaral tavibal yaadag yum bol gej bodoj suuv.

"An inconvenient truth" doorh URL ees uzeerei.

http://zurvas.com/?p=3765

September 30, 2009

Michael Kohn : Supply side magic in Mongolia

Ene hunii niitleliig unshlaa. Mongold yu heregtei baigaa tuhai 1 paragraph baina, uuniig hiij chadval manaid horongo oruulah sonirholtoi humuus nemegdeh tuhai bichsen baina.

Uund tsagaan zahtanguudaasaa tornii tsaana suulgah heregtei gesen baigaa yum. Mon bolovsroliin systemdee oorchlolt oruulj business, construction, mining engineeringg hogjuuleh gesen sanaa baina. (Doorhi niitleliin suuliin2 paragraph) Bi uun deer nemeed magadgui high, nano, bio technology, clean technology gesen chigleluudiig nemeh heregtei gej bodoj baina. Delhiitei hol niiluulj alhmaar l baival edgeer salbart anhaarah horongo hayah n zailshgui shaardlagatai.
Yer n hogjingui ornuud technology, better service gesen yumaar l hogjij bui ornuudaa onoog hurtel shulsaar baigaag anhaaraad manai uls ch bas edgeer deer anhaaral handuulah heregtei gej bodoj baigaa yum.



The global financial crisis hit hard in Mongolia, forcing everyone from goat herders to mineral prospectors to tighten their belts. But the crisis did at least accomplish something pleasantly unexpected: It forced lawmakers to abandon repressive taxation to attract investment.

Ulan Bator didn't have a choice. The country's wealth resides in its vast reserves of copper, gold, silver and high-quality coal, among other minerals. In 2006 the local legislature, the Great Hural, enacted a 68% windfall tax on copper exports priced at $2,600 per ton or above and gold exports at $500 per ounce or above. Lawmakers thought the levy would swell public coffers. It had the opposite effect. Mining companies put their operations on hold, gold was smuggled out of the country and foreign investors fled. Not only did tax revenue stop flowing but fewer companies were around to contribute, as the tax burden forced many into a state of semi-hibernation. Then the boom times ended and Mongolia found itself hit by the financial crisis, too.

So in a moment of clarity, the legislature scrapped the tax late last month. Money is now pouring into the country. Canada's Ivanhoe Mines and Australia-based Rio Tinto are expected to ink soon a major deal to exploit the massive Oyu Tolgoi copper and gold mine. In the deal as currently structured, the government would receive a $250 million advance against any future royalties and taxes. The next project in the pipeline is Tavan Tolgoi, said to be the world's largest undeveloped coal deposit, with 6.5 billion tons of coal. Several mining companies have submitted bids, including a consortium of Russian energy companies, Shenhua and Peabody Energy.

But Mongolia can't rest on its laurels. There is much more the government can do to attract investment, starting with a badly needed upgrade to the country's sagging, Soviet-era domestic infrastructure. To date most governments have preferred to spend money on populist handouts rather than on productivity-
enhancing public works.

Ulan Bator also needs to get tough on corruption and law enforcement. Transparency International ranks the country 99th out of 179 countries and officials are on the take at every level of society, particularly mid-level bureaucrats. Some improvements have been made, such as the creation of an anticorruption task force, but laws still need beefing up to put white-collar criminals behind bars. Finally, Mongolia needs to modernize its educational system to provide training in business, construction and mining engineering. Mongolians need their own operational and financial expertise to properly support the supply chain around mines.

Underlying all of this is the assumption that Mongolia will continue to be an open market and friendly to investors from anywhere in the world. Scrapping the windfall profits tax is a good start. Now the real effort begins to build the country, and build it responsibly.

Source Wallstreet journal.
http://online.wsj.com/article/SB10001424052970203917304574416102290751052

September 29, 2009

Mongoliin archaagui baidlaar jishee avch baigaa bas negen tohioldol

Sayhan hicheelee taslan barin baij James Riddel hemeeh land economicsoor mergeshsen Amerikiin professoriin lektsend suulaa. Lektsen dund n Mongoliin tuhai 3, 4 slide yavj baisan uchraas sonirhson hereg. Magadgui manai Gazariin tolovloltiin tuhai esvel UB hotiin bairlga baiguulamjiin zambaraagui baidliin tuhai yum yarij magad gej goridson yum.
End tendhiin land economicsiin tuhai bolon tedgeeriin tuuhiin tuhai baga zereg yum yarilaa. Mongoliin tuhaid gevel govid baigaa malchin ail, ezengui taliin amidral, end gazriig herhen omchuuleh tuhai bolon hotod 3,4 r horoolliig Gandangiin heden ger horoolliin hamt oruulsan zurag taviad hodoonoos humuus ger malaa tuuj ireed, hamag malaa zarchihaad suurishihaar hootsoldoj baigaa tuhai (hashaa hatgasan gazraa manaih gej "tunhaglaj" baigaa) yarilaa. Tor zasag n eneniigee hyanaj chaddaggui gej harin helsengui, gehdee bi bol helmeer baina. Say ter uyer bolohod yaasan bol gej bodood baigaa, hunii muud durlah geegui ch bolohgui uyeriin ayultai geed baihad zoron abij buusan ailuud yaasan bol, 1 sain hicheel avsan baihdaa gej bodogdood baigaa.

Mon ashigt maltmaliin olborlolt yavuulj baina geed gazriig n sendiicheed ulaan toosond n hutgaad, goliig n shirgeechihsen, dund n ninja nariin amidardag bololtoi heden chingeleg tavichihsan zurag uzuuleed tuuniihee hajuud n aduu mal belchsen saihan tal nutgiin zurag bas davhar haruulaad, hichneen saihan gazar baisniig n heleed odoo yamar bolgoson baigaag n haruulav. Uugeeree companiud ashigtai ajillaj baina, ulsad tatvar tolj uls n hogjij baina, uul uurhai ashigta maltmaliin said n bayartai taatai baigaa tuhai ilerhiilsen gesen tailbar hiigeed, ulsiig "ingej hogjuuldeg" praktik bas baigaag haruullaa.

Unendee bol unen. Gazriig n uhaad hamag altiig n unegui gargaad avaad yavchihsan Boroo gehdee arai ch ingej ulaan hors orhiogui bailgui, unegui baahan alt avchihsan yum chin yadaj ergeed uhsan nuhee bulaa bailgui gej naidii. Harin Altan Dornodiin oros nohor bol altiig n avchihaad deerees n manai ulsiig shuuhdeh geed garaad yavsan gej unshij baisan yum baina. Nohon sergeelt hiigdsen eseh tuhai goridood ch hereggui biz. Manai dotoodiin companiud (jishee n "Mongol Gazar"-aas) ehleed nohon sergeeh tuhai yu ch hiideggui gej sonsson yum baina. Mongol hun n Mongol gazartaa ezen n bolj hairlahgui bol, ingeed ene met hunii amaar 21 dugeer zuund haa negtee iim yum bolj baina gesen shuu yuman deer jishee bolood l yavah n dee.

Za ene gazriin ediin zasgiin tuhai yarianaasaa haliad boodog horhognii tuhai hurtel yariad amjlaa. Jaahan zoruuleed tailbarlasnigi es tootsvol. Ulaanbaatart baihdaa endhiin humuust ih tugeemel oilgogddog Mongol haluun togoo (Hyatad haluun togoogoo l Mongol haluun togoo geed nerlechihsen dotor n manai heden haanii zurag tavichihsan, hanaar n Mongol bichgeer bichsen haniin tsaas naachihsan baidag yum.) Mongolian Barbeque-g ideh geed haigaad (Amerikiin suljee restaurant yaagaav nogoo 2 savaa tomor gyalalzuulaad baahan yum holij huurdag, UB-d BD's barbeque geed salbar n baidag) oloogui bogood iim yum baidaggui yum baina bilee shuu gej hurtel helsen. Suuld Q&A session deer bi bas tiim yum baidaggui yum shuu gedgiig n batatgaj hellee.

Harin hooloiniihoo ugaar yaridag heseg deer arai l degsduulchih shig bolloo, barag hooloigoo shahaad hanialgahad mongoloor ug bolchihoor yum bilee gej avdag baigaa. Uuniig n bas degsduulj baina arai ch tiim yum baihgui ee gej "zasvarlav"

Bas neg setgel tugshsen zuiliin tuhai bichihgui baij chadahgui n. Sayhan henii bilee dee bas 1 hunii bichlegen deer sanaa n garchihsan baisan. Zasaglaliig hogjuulj neelttei helbert oruulahgui bol (tsag tuhaid medeelel n hiigddeg, hedii hemjeenii olborlolt yavagdaj heden togrognii tatvar noogdoj ter n herhen zartsuulagdsan talaar unen boditoi shuurhai medeeleltei baij baimaar baih yum. Yer n zaaval uul uurhain company geltgui toriin albaduud, niited neelttei companiud, ner hund buhii auditiin companii dugnelt ed nart amarhan hurch boldog, tedgeer medeelel n naidvartai, irged niitiin oorsdiinh n hyanaltand baidag bolchihmoor yum bodogdood baih yum.), neg n avah geed, nogoo n omooroh geed baigaa heden humuusiin (hoorondoo tohiroltsood huvaachihdag ch yum biluu, tiimerhuu har yer n olon hund baidag baihaa, olnii ug ortoi gedeg unen ch baij boloh) dund manai ulsiin san homrogond orj ergeed ta bidend zoriulagdah uchirtai horongo maani bas hen negen bulhaitan, erh medeltnii gart orchih vii dee gej aih yum.

Hedhen shar deeltenguudtei, uldsen n haltar tsaraitanguud bogood hulgaich deeremchid (amidrahiin erhend) bolchihson; shar deeltenguud n omchoo hamgaalah gej toiron hureelel uusgedeg, ted nar n deedchuuliinhee erh ashgiig amia zolin baij hamgaalahad belen, heel hahuulid idegdsen hogiin niigemd amidrahiig husehgui baigaa uchraas ingej bichij baigaa bogood zaluuchuud shine uye maani ch gesen uuniig husch baigaa hemeen naidna.

Etsest n gej helehed ulaim tsaim ichihgui idej uudag, hahuulia nehdeg, alban tushaalaa ashigladag ene hogiin yumnuudiin uye n ongorood, uls tor n bas toriin albadaasaa angid baidag system hurdan bureldeesei bilee.

September 26, 2009

Gambuushiin tuhai

Ene Tengis gedeg nohriig harlaa. Humuusiin bichsen tailbaruudiig unshlaa. Ene yer n yu hiichihsen hun yum be gej. Humuusiin bichsen ch bas ortoi yum bainaa. Ene nohor neerengeesee uneheer buduuleg aashiljee. Harin haa ochij sonin hevleleer dandaa l buruu zoruu talaas n oilgogdoj yvsan ene Gambuush gedeg hun harin haa ochij oyunlag bas zov yum bodoj yavdag saihan setgeltei hun shig baina shuu dee.

Ene nohriin setguuliin career n harin yah yum bol doo gej bodogdloo. Sonirhson hun baival hotolboriig doorh linknees uzne uu.

http://www.dsgtv.mn/index.php//home/post/1355