Mongolian Market Updates | August 27, 2024

☀️ Good morning,

The Mongolia Investment Forum in Singapore, presented by CMM, will take place on November 4 and 5, 2024. This exclusive event will bring together leading investors, policymakers, and business leaders to explore Mongolia's dynamic impact investing landscape.

Join us to dive into engaging discussions, uncover promising investment opportunities, and forge meaningful connections.

In this week’s newsletter:

• Market News

• “Mining Week x MinePro 2024” event

🏦 Market News

• Xanadu Mines has reported an increase in its copper and gold reserves. The copper reserves for the "Kharmagtai" project rose by 14%, which equals 463 thousand tons, while gold reserves grew by 9% or 764 thousand ounces.

• Suu [MSE: SUU] will distribute a dividend of ₮10.6 per share from its half-year net profit. As of the exchange rate on August 23, this resulted in a return of 2.5%.

• On August 21, a total of 2.4 million units of Premium Nexus [MSE: CUMN] were traded in a block trade, amounting to ₮500 million.

🔔 Mining Week x MinePro 2024 🔔

Registered Resources in Mongolia:

• Copper - 61.4m tonnes

• Caol - 34.6 tonnes

• Iron Ore - 1.8b tonnes

• Gold - 499.5 tonnes

• Zinc - 4.7m tonnes

• Fluorspar - 34.2m tonnes

• Uranium - 192.2k tonnes

• Crude Oil - 333.8m tonnes

As of 2023, 94.9% of the total registered mining companies in Mongolia have foreign investment. Two-thirds of the total FDI inflow comes from the Netherlands, primarily for the Oyu Tolgoi investment.

The 3rd annual "Mining Week x MinePro 2024” International Mining Exhibition & Convention will bring together key stakeholders, including mining project owners, investors, suppliers, and service providers.

CMM, in collaboration with the Mongolian Mining Association, is co-organizing the Mining Finance Day on October 5th. This event will focus on financing strategies for mining projects and suppliers, discussing traditional and innovative methods involving local and international financial institutions.

For more detailed information about the event, please click HERE.

🟣CMM Services

Capital Markets Mongolia (CMM) specializes in providing strategic advisory to public companies on optimizing investor relations (IR) and advising on upcoming IPOs, bond issuances, and effective participation in the capital markets with a focus on efficiency and reputation. Additionally, we undertake market research and provide financial PR services.