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Mongolia Weekly Update

This blog is about investing-related news from Mongolia. New posts appear in the comments at the bottom of this web page. This blog was once a weekly round-up of such news (hence, the name), but is now updated with germane news as it happens by those who comment herein.

I myself now primarily contribute to Forbes Asia's website about emerging markets in Asia and my current work can be found here.

The rest of this space provides links to other resources pages on Mongolia which were last updated in March 2013 or as indicated.


List of articles and blogs by me on Mongolia


Other authors' articles and blogs on - or relevant to - Mongolia on Seeking Alpha (a reasonably comprehensive list)


Mongolia News Sources


List of companies and investment funds for investing in Mongolia


Conferences Relevant For Mongolia Investments


Archives of the weekly Mongolia news updates
July 18 to October 3, 2011
October 3 to November 15, 2011
November 21, 2011 to February 6, 2012
February 12 to April 3, 2012
April 6 to June 28, 2012
June 29 to August 26, 2012
August 25 to October 22, 2012
October 23 to December 11, 2012
December 11, 2012 to March 13, 2013
March 13, 2013 to December 13, 2013


Free Overviews Of Mongolia:
2013 Mongolia Investment Climate Statement by the U.S. Embassy in Mongolia (excellent discussion of risks of investing in Mongolia)
Eurasia Capital Outlook 2011 (dated January 11, 2011)
ResCap Mongolia 101 (dated January 24, 2011)
The Mongolian Real Estate Report Executive Summary 2012 (dated October 21, 2011; full report is $1,200, but this is free)
Mongolia Growth Group External Reports Page (links to the current reports from the World Bank of Mongolia, National Statistics Office Of Mongolia, and more)
Capitalist Exploits Mongolia Report (interview series that can be downloaded, from fall 2011)
2009 Mineral Yearbook on Mongolia by U.S. Geological Survey
Deloitte Mongolia Tax Highlights 2012 (does not include exit tax (20% on gains on principal brought into country); does not include MNT 3 billion break point on income taxes (goes from 10% to 25%); does not explicitly include that some foreigners may be subject to double taxation)

Mongolia Weekly Update Recommends:
Mongolian Economy (free)
De Facto (free, video interviews with non-Mongolians are in English after introductory minute)
Jargalsaikhan's Library of Articles (free, by the same person who does De Facto interviews)
Capitalist Exploits (free)
Adventures In Capitalism (free)
John Polomny (free to follow on Seeking Alpha)
Bill Fleckenstein ($120/year, daily commentary and questions answered)
Futures Asia (free, a great source of information on Vietnam investing; see this note on the Vietnam ETF VNM for example)
Emerging Frontiers Blog by Leopard Capital

Disclosures: I am long Mongolia Growth Group (OTCPK:MNGGF) an Mongolian Mining Corporation (MOGLF.PK), some long-dated call options on Turquoise Hill and investments on the Mongolia Stock Exchange.

I have two active brokerage accounts open in Mongolia to invest in the Mongolia Stock Exchange. They are with BDSec and Eurasia Capital.

Additionally, I have a regular exchange of information (though have no accounts) with the following brokerages in Mongolia: National Securities and ResCap. At last count there are 88 brokerages open in Mongolia (April 2012), up from 49 in July 2011. Brokerage accounts are in a transitional period with the regulations of Mongolian SCHCD, MSE, and FRC, all being changed for the better.

While investments on the Mongolia Stock Exchange is, for now, a topic beyond the scope of this news blog, in the spirit of full disclosure, I currently own the following companies traded on the Mongolia Stock Exchange: APU, Baganuur, Remicon, Sharyn Gol, Shivee Ovoo, Tavan Tolgoi (aka little TT).

I do not live in Mongolia. I have spent time there:
September 10 to 23, 2011
February 7 to 25, 2012

Last updated 13 December 2013.