Mongolia

Mongolia

Postby winston » Mon Dec 21, 2009 10:10 am

Vast landlocked Mongolia, three times the size of France, and its population of only 2.7 million are sitting on top of a fortune that comprises 146.8 tonnes of gold, 10,000 tonnes of silver, 50,000 tonnes of uranium, eight million tonnes of copper and 452.8 million tonnes of iron.

Source: South China Morning Post
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Re: Mongolia

Postby LenaHuat » Sun Mar 28, 2010 9:11 pm

Read 2day's fascinating ZaoBao article abt property investment in Mongolia. Advertisements of Mongolian properties have reached our shores. There was one in yesterday's ST:-
海外买家看好 蒙古国房市走俏

Ulaan Bator has a big iconic Louise Vuitton store:-
It's for Real - LV in Mongolia
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Re: Mongolia

Postby iam802 » Sun Mar 28, 2010 9:31 pm

LenaHuat wrote:Ulaan Bator has a big iconic Louise Vuitton store:-
It's for Real - LV in Mongolia


Nice!

Like that..can buy lar... :)
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Re: Mongolia

Postby LenaHuat » Sat Sep 25, 2010 11:03 am

Mongolia's Prime Minister showed up at the CNBC studio last nite and said that Caterpillar and GE are investing big bucks there. He's plans to list corps in NYSE. Alcoa, Caterpillar and GE rallied big time last nite.
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Re: Mongolia

Postby LenaHuat » Thu Nov 18, 2010 5:41 pm

Mongolia's Minister for Education is here. I expect some concrete results to materialize from his visit. He said Mongolia needs at least 6,000 skilled technicians urgently as the country is opening up its mines of copper, core, gold and uranium for extraction.
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Re: Mongolia

Postby LenaHuat » Wed Feb 16, 2011 8:07 pm

The Mongolian PM is here for an official visit. I hope SingaporeIncorporated does not miss out on the grand opportunities available in Mongolia:-
Welcome to MineGolia
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Re: Mongolia

Postby winston » Sun May 15, 2011 8:34 pm

Mongolians develop a taste for luxury by Michael Kohn

In the 13th century, Mongol emperor Kublai Khan and his harem sported silk gowns, fur cloaks and jewel-encrusted head ornaments at their home -- the legendary pleasure palace in Xanadu.

Today, latter-day khans are again stepping out in some of the world's finest luxury fashions as Mongolia?s minerals-fuelled economy boosts disposable income for the country's nouveaux riches.

Louis Vuitton, Emporio Armani, Burberry and Hugo Boss have led the charge of high-end shops opening in Mongolia's sprawling capital Ulan Bator, the flashy stores jarring with the city's Soviet-era apartment blocks and shantytowns.

"The domestic fashion industry is growing with the Mongolian economy and people have more money to spend," Hugo Boss shop manager Siizhuugiin Nasantulga told AFP.

"They would rather spend it here than go on overseas shopping trips."

Landlocked Mongolia, one of Asia's poorest countries, has seen its per capita GDP rise to $3,300 as foreign mining giants have come calling to tap into its vast deposits of everything from gold to coal.

The economy is expected to grow at a healthy eight percent this year and the country's currency advanced 10 percent against the dollar in 2010, making imports cheaper.

With an influx of new money and the number of millionaires growing, members of the upper-income set have sought to outdo each other with name-brand fashion and fancy cars.

"Mongolians have great fashion sense and they are always looking for the highest quality products," says Nasantulga, a strapping 28-year-old with fluent English he learned while studying business overseas.

"People love to show off their cars and they take pride in dressing as well as they possibly can."

Luxury lifestyles have been a foreign concept for most of Mongolia's modern history. It was a communist country for nearly seven decades until a 1990 democratic revolution led to multiparty politics and a market economy.

Most of the luxury shops in Ulan Bator are located in the Central Tower, a new office building adjacent to Sukhbaatar Square, where the modern Mongolian state was established in 1921.

In the VIP room of the Louis Vuitton store, big spenders can lounge on white leather couches as they check out $1,100 shoes or $800 sunglasses.

Outside, luxury cars ply potholed streets. Flashy SUVs -- Toyota Land Cruisers, Hummers and Land Rovers -- stand snarled in traffic jams with models from Mercedes-Benz, Lexus and BMW.

Beyond the capital, a few Mongolians are taking to the roads in custom-built Mercedes-Benz Zetros trucks, packed with ultra-modern features like flatscreen TVs, bidets and even kitchens.

While the upper crust flaunts its wealth, most working class Mongolians barely make ends meet by toiling in mines, herding livestock, driving taxis or selling imported goods from China.

The average office-worker salary in the capital is around $250 a month and the minimum wage just $115 per month.

Foot traffic in luxury shops is therefore understandably low -- but ready to spend.

"We have relatively few customers but those that shop buy a lot," explains Armani manager Batbekhiin Batkhuu.

"For now the most important part of our business plan is establishing brand awareness. We need to educate people on fashion and which labels are the best."

The sizzling real estate market in Ulan Bator is helping to make these increasingly luxurious lifestyles possible.

When property markets were privatised in the late 1990s, flats were readily available for around $5,000, says Belgian real estate investor Chris De Gruben. Those same apartments now sell for around $90,000.

"These apartments form an important part of the economy. Locals can sell their apartment and use the cash to start a business and get a kick-start in life. It allows people to move forward," De Gruben said.

New apartments and penthouses are beginning to appear. In the prestigious Zaisan area in the south of the city, modern units start at around $2,000 per square metre.

The city's priciest digs are downtown in the sail-shaped Blue Sky building, where penthouses are advertised at $8,875 per square metre.

"As soon as people start getting money, they want to display their wealth," De Gruben said.

"You can see ostentatious displays of wealth anywhere in the world but in a place like Mongolia it's more apparent because it's still surrounded by high levels of poverty."

Some Mongolian-made luxury goods are even making their way overseas. The best-known is Gobi cashmere, which sells sweaters, scarfs, hats and coats made from the soft fur of Mongolia?s 20 million goats.

"Demand for Mongolian cashmere is growing worldwide and we have a great opportunity to market cashmere products," says Batkhuu, the Armani representative.

"We can't quite compete with Italy for the fashion king title but Mongolia can still make a name for itself."

Source: AFP Asian Edition
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Re: Mongolia

Postby winston » Sun Mar 18, 2012 8:24 pm

Investing in Mongolia: Is It Time to Buy the World's Fastest Growing Economy? By Martin Hutchinson

It is the world's fastest growing economy. It also may be the world's best kept secret.

Yet it is true. Mongolia is growing twice as fast as China and it's a market most investors know little about.

While Chinese GDP is forecast to grow by 7.5% in 2012, the Mongolian economy is set to grow at a blistering pace of 14.9%.

That's down a bit from 2011-but not by much.

According to official statistics, the Mongolian economy grew 17.3% in 2011.

Taking the two together, Mongolia would have the world's fastest growth rate, beating Qatar and Libya over the same two-year time frame.

So is there a way a regular guy can make money out of all this growth?

Or to the larger question: Is the Mongolian market where we should be putting our hard-earned savings?

http://moneymorning.com/2012/03/15/inve ... g-economy/
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Re: Mongolia

Postby winston » Sat Jun 02, 2012 9:13 am

A Report from Inside the World's Next Super Boom Country: Mongolia

There are huge mineral deposits inside Mongolia and limited government (for now), which could result in the area being a huge opportunity for the super adventurous.

David Pilling, Asia Editor for FT, recently spent some time in the country and sent out these tweets about Mongolia (and one tweet about Japan):

http://www.economicpolicyjournal.com/20 ... super.html
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Re: Mongolia

Postby winston » Fri Jan 18, 2013 9:13 pm

A Big Emerging Market Trade You've Never Considered By Frank Curzio

We're at the start of what could be a tremendous move in a market few investors have ever thought about.

When you catch a trend like this early, you can make a tremendous amount of money in emerging markets.

Take China, for example. If you'd put money there in the early 1990s, you'd have made it back 21 times over by now. (The S&P 500 would have returned about 2.5 times your money in the same time period.)

There's likely more money to be made in China as its economy continues to grow. But there's an "early stage" emerging market story that's much more interesting right now…

Emerging markets are "less developed" nations with huge growth potential. The International Monetary Fund (IMF) lists 24 countries as emerging economies. This list includes China, India, South Africa, and Brazil.

China finally opened its economy to foreign investments in 1978. In the 25 years before China's "economic liberalization" – its economy grew an average of 4% annually. When China eased trading restrictions and its government became more business friendly,

its average annual economic growth from 1978 through 2012 was a huge 9.5%. That helped propel the market's extraordinary gains.

It's not an isolated story…

In the mid-1990s, Brazil's president Fernando Henrique Cardoso denationalized some of the largest state-run enterprises in the mining, telecommunications, and steel industries. He also created policies to control inflation.

The following president, Luiz Inacio Lula da Silva created infrastructure programs and encouraged private sector investments, which helped fuel jobs over the past 10 years. From 1993 to today, the Brazilian stock market has surged more than 8,000%.

On Wednesday, I spoke to Chris Mayer on my S&A Investor Radio podcast about an emerging economy that's so "new," it doesn't even make the IMF list.

Chris is the editor of the Capital & Crisis newsletter for Agora Financial. He spends most of his time traveling to developed and non-developed nations in search of the next big idea. He'll be presenting at the Value Investing Congress in May, one of the world's most prestigious investment conferences. I consider him one of the smartest analysts in the world when it comes to international investing.

In my 20-minute conversation with Chris, he talked about investing in places like Myanmar, the southeast Asian state that's emerging from dictatorship, and Dubai, a city-state in the United Arab Emirates.

But his favorite emerging market is Mongolia.

Chris says, "In 10 years, this small country will be the wealthiest place in the world on a per-capita basis."That's a bold claim. According to the IMF, Qatar has the top spot for per-capita income, at nearly $100,000. Mongolia comes in at 114th place, with just under $5,000 in income for each of its 3 million citizens. (The U.S. comes in 6th with just under $50,000.)

Mongolia borders Russia and China. And the country is filled with natural resources including oil, iron, lead, and copper.

In fact, Mongolia is home to the Oyu Tolgoi mine which is estimated to have 79 billion pounds of copper and 45 million ounces of gold. This mine is expected to have a lifespan of 40 years.

In 2010, the signing of the Oyu Tolgoi contract – which allows foreign companies to help develop one of its biggest assets – was a major milestone in modern Mongolian history. The IMF ranks it as one of the fastest-growing economies over the past three years. With the help of foreign investment, Mongolia's GDP is expected to grow an average of 20% a year until 2020.

Resource giant Rio Tinto (RIO) is one of the companies helping to develop Oyu Tolgoi. Turquoise Hill Resources (TRQ) is another listed company that has a large stake in the Oyu Tolgoi mine.

Of course, with every high-growth investment, there is risk. In the past two months, the Mongolian government has been trying to amend an existing mining agreement so that the government will have a larger stake in the country's biggest projects.

The news has pushed many of Mongolia's mining companies lower. I would use the pullback as a buying opportunity. I can't see the government changing its stance on foreign investments after the huge growth the country has seen over the past three years.

I believe Chris is right. Mongolia could become the next emerging market that makes long-term investors wealthy.


Source: www.growthstockwire.com
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