The document discusses the Mongolian Stock Exchange (MSE). It provides an overview of Mongolia's economy and capital markets. The MSE has a market capitalization of just under 3 trillion MNT but average daily turnover is low at around $200,000. There are 336 listed companies with most in metals and mining. The document outlines challenges for the MSE such as outdated IT infrastructure, governance issues, and the need to improve regulations. It also discusses ongoing development activities and the vision to transform the MSE into an internationally recognized stock exchange.
Overview of Singapore., Education , Foreign Policy, Singapore's Economical Strategy and Foreign Investment
Its quick facts ,History and Social Structures .e.t.c.
Singapore's transformation into an economic powerhouse has attracted adulation from developed and developing economies alike. In this paper, I discuss policies that fuelled this growth, and also highlight some negative side-effects/criticisms.
Global Financial Crisis and Singapore Vikas Sharma
Starting with the genesis and global impact of the Global Financial Crisis (GFC), this paper details drills down into its impact on Singapore's economy, and the measures that were taken by the island-state to limit the damage caused.
Overview of Singapore., Education , Foreign Policy, Singapore's Economical Strategy and Foreign Investment
Its quick facts ,History and Social Structures .e.t.c.
Singapore's transformation into an economic powerhouse has attracted adulation from developed and developing economies alike. In this paper, I discuss policies that fuelled this growth, and also highlight some negative side-effects/criticisms.
Global Financial Crisis and Singapore Vikas Sharma
Starting with the genesis and global impact of the Global Financial Crisis (GFC), this paper details drills down into its impact on Singapore's economy, and the measures that were taken by the island-state to limit the damage caused.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
3. THANK YOU FOR YOUR ATTENTION
3
MONGOLIA COUNTRY OUTLOOK
Mining is the key driver for Mongolian economic growth
World-class natural resources – mostly untapped:
Mongolia is home to some of the world’s largest gold, copper,
iron ore, coal and rare earth element deposits – estimated
undeveloped reserves of US$1 trillion
“The next Saudi Arabia” of coal
Strategic proximity to world’s largest commodity consumers
It is expected that China will build between 4 and 5 million
new buildings between 2005 and 2025: Roughly equal to
50,000 skyscrapers or the equivalent of up to ten cities the
size of New York
Market capitalization of top 3 listed companies on Mongolian
assets is $15 bln or 3x current GDP; market capitalization of
next 6 IPOs could add another $10bln
Mongolia has 10% of global coal reserve:
Mongolia ranks among the top in copper reserves:
Mongolia is rich in gold reserves:
Source: ANZ Commodity strategy, Mining conference in Australia, June. 2010
4. MONGOLIA INVESTMENT STORY
4
Mongolian Economy: A Story of Growth for Years to Come
GDP Growth: Mining will drive the economy – Is Mongolia the next Qatar?
GDP in USD Billions
2010 Qatar GDP = $110 bln
2010 Kazakhstan GDP = $126 bln
2025
Mongolia
GDP =
$100 bln
Source: IMF
6. THANK YOU FOR YOUR ATTENTION
•Mongolia’s equity market has a market capitalization of just under 3 trillion MNT.
•Average daily turnover: Around $200,000
•There are 336 listed companies in Mongolia, with most of the larger ones based on metals and mining.
•The total value traded in 2010 was 92.9 billion MNT of which 62.9 billion MNT were traded in stocks while bonds
trading amounted to 30.0 billion MNT.
•During the first 2 months of 2011, compared to the same period of previous year, market capitalization increased by
724.7 billion MNT (111.6%) and at the 11th of February 2011 amounted to 2.78 trillion MNT.
Market Capitalization at last 9 months of 2010 and first 2
months of 2011
Capital Market Highlights
CAPITAL MARKET OVERVIEW
7. THANK YOU FOR YOUR ATTENTION
1999
● 1000th trading day
● MSE initiated use of composite
index, Top-75
● A software trading introduced
● Separation of the post-trade settlement and
clearing institution from the Mongolian Stock
Exchange to form the Securities Clearing House
and Central Depositary as a separate entity.
2000
20032001
● First foreign invested firm
becomes member of MSE
1991
● Corporate bond trading started
2006
2008
2010
Existing Securities Law in the process of
being re-drafted
Amendments to the Civil Code
Development of the legal framework for
institutional investors
● The MOU was signed with
Korean Stock Exchange
● The MOU was signed with
Istanbul Stock Exchange
● MSE joined the Asia Ocenian
Stock Exchanges Federation
(AOSEF).
CAPITAL MARKET OVERVIEW
Milestones
1996
MSE established
Privatization law enacted
● The government bond
trading started
1994
● SEC was established
Signed Strategic
Partnership
Agreement with LSE
8. THANK YOU FOR YOUR ATTENTION
Human Resources Clearing & Settlement
IT InfrastructureRules & Regulations
The current laws and regulations are considered
not sufficient enough for the creation of a sound
market.
The capital market rules and regulations should
be:
• revised and amended where necessary
• structural changes are to be made within
the exchange
● Clearing and settlement should be efficient
● Operates as separate entity
● Limited information disclosure, issues with
transparency
● Expensive fees due to greater cost
● Low capacity in HR
● Poor retention of high skilled workers
● Modest level of training
● Inadequate wages & compensation
MSE
The IT infrastructure in any exchange is crucial in
sound market. The IT of the MSE:
• is outdated and should immediately be
replaced
• includes the trading system which should
be closely integrated with clearing and
settlement
• be able to carry out surveillance
The governance of MSE need
be at the level of int.
standards
Governance
Need to delist
166+ companies properly
w/o hurting the small investors.
Delisting
Current Challenges and Concerns
MONGOLIAN STOCK EXCHANGE
9. THANK YOU FOR YOUR ATTENTION
9
Ongoing Development Activities
CAPITAL MARKET OVERVIEW
Activities for Development of Legal Environment Capital Market Development Projects Privatization & IPO of state owned assets
• Government established “Capital Market
Development” Working Group led by
Mr.Khurelbaatar, the cabinet minister
•Government took initiative in improvement of laws
concerning capital market. This includes the changes
in and development of:
• Company Law (drafted)
• Securities Market Law (drafted)
• Investment Fund Law (drafted)
• Pension Fund Law (Under development)
• Asset Backed Securities (Under
development)
• Dual listing (need to be done)
• The government is highly supportive of
developing the regulations in the MSE that
meets with international standards. These
includes:
• Listing requirements
• Stock Exchange Membership requirements
• Regulation on IPO
• Supervision Rule of MSE
• Securities Trading Rule
• Also government is aiming to improve the
SCHCD legal environment.
• Management of MSE is to be overtaken by
professional team
• Large state assets are being discussed to be
privatized through MSE
• State mining assets might be distributed in the
form of shares to public through MSE
• List of privatization of items are approved by the
parliament
• Capital Market Development project by ADB: the
expected outcome is deepening of capital market
reforms through improved supervisory capacity,
an improved legal and regulatory framework,
strengthened securities market, and increased
investor confidence.
• IPAS by GTZ: Development of legal environment
of capital market, creation of complete strategy
of capital market and improve foreign relations of
MSE, especially Deutsche Borse
• Financial Sector Development Project by WB: The
bank risk management was implemented at two
participating banks, developing better credit and
lending procedure and practices. The Switch
Clearing Center and a new RTGS system were
implemented at the Bank of Mongolia.
• EPCP by USAID: Improving the company
governance & created the Company Governance
Development Center in June, 2009. Assisted on
the creation of regulation on IPO and company
governance code. Improving the capacity of the
SPC on valuation of state owned enterprises.
Planning to assist to FRC on development of IT
Security Policy.
• Capital Market Development 2009-2012 draft
prepared by FRC
10. THANK YOU FOR YOUR ATTENTION
• KNOWLEDGE TRANSFER
BUILDING LOCAL EXPERTISE
TRAINING ACROSS THE MARKET
• CREATION OF MARKET
TWO BOARDS: MAIN VS
“MINING”
DUAL LISTING OF
FOREIGN COMPANIES
WITH LOCAL OPERATION
INSTITUTIONAL
INVESTOR BASE
• TECHINICAL INFRASTRUCTURE
INSTALLATION OF NEW TRADING,
CLEARING, SETTLEMENT & DEPOSITORY
SYSTEMS
PROPER SETTLEMENT PROCEEDURES FOR
INSTITUTIONAL INVESTORS
SAFE DEPOSITORY
• MANAGEMENT
LSE TEAM WILL
PARTICIPATE
INTRODUCTION OF
BEST PRACTICES
SOUND
MANAGEMENT
PROFESSIONALISM
• REGULATORY INFRASTRUCTURE
ASSIST IN DEVELOPING PROPER LEGAL FRAMEWORK
TRAIN OF REGULATORY OFFICERS
PROVIDE SURVEILLANCE MEASURES OVER THE MARKET
Reform features: Capital markets soon will be international standard
REFORM OF THE CAPITAL MARKET
10
12. THANK YOU FOR YOUR ATTENTION
12
MONGOLIAN STOCK EXCHANGE
MSE Board & Management Team
MSE BOARD
EXECUTIVE TEAM MEMBERS
Mr.B.Bold
Chairman of Board of Directors
CEO,
Newcom Group
Mr.Altai Khangai
Chief Executive Officer
MSE
Mr.Tushig Dul
Chief Financial Officer
MSE
Mr.N.Tsogt
Independent Board Director
Advocate
Bonalex LLC
Mr.O.Sainjargal
Independent Board Director
Specialist,
State Property Committee.
Mrs.L.Bolormaa
Independent Board Director
CEO,
BOHDI Financial Advisory Services
Dr.Stefan Hanzelmann
Independent Board Director, Head of
Governance, Remuneration
Committee
Project Director of a (IPAS) GIZ
Mr.J.Peter Morrow
Deputy-Chairman of Board of Directors
Former CEO,
Khan bank.
Mr.George Taylor
Independent Board Director
Managing Director
Co-head of Global Capital Markets Asia
Pacific, Morgan Stanley
Mr.U.Ganzorig
Independent Board Director, Head
of Auditory Committee
President,
Financial Markets Association
Mr.Saruul Ganbaatar
Head of Administration
MSE
Mr.L.Ganbat
Independent Board Director
Head of Administrative Department,
State Property Committee
13. THANK YOU FOR YOUR ATTENTION
MSE Organizational Structure
MONGOLIAN STOCK EXCHANGE
14. THANK YOU FOR YOUR ATTENTION
MSE Index Orbiting – although liquidity remains low
CAPITAL MARKET OVERVIEW
•Mongolia’s equity
market capitalization
has exceeded $2Bn vs.
2010E GDP of $6Bn
•There are 336 listed
companies in Mongolia
of which Top 20 account
for 80%+ of trading
volume
• Average daily volume
is about $200k
• MSE Index is going
through methodology
adjustment to include
free float
14
15. THANK YOU FOR YOUR ATTENTION
Trading and Settlement
customers public
broker & dealers MSE Trading SCHCD
customers broker & dealers
commercial banks
Financial Regulatory
Commission
order submission trade results
trade results
trade results
trade results
trade results
order routing
order routing
compliance reports
public info cash deposits
cash in &
cash withdrawal
cash in &
cash withdrawal
cash withdrawal
MONGOLIAN STOCK EXCHANGE
17. THANK YOU FOR YOUR ATTENTION
MSE Vision
MONGOLIAN STOCK EXCHANGE
Initial Development of Stock
Exchange
Stock Exchange with High
Investors Confidence
Internationally Recognized
Stock Exchange
• Year: 2010
• Market cap: $1 bln
• Captivated by governance,
IT and HR challenges
• Integrate the clearing &
settlement function with
MSE
• Year: 2015
• Market cap: $15 bln
• Dual listing of MGL
assets abroad
• Listing of SOE
• Well prepared to dual
list the 15 strategic
deposits
• Year 2020
• Market cap: $40 bln
• Dual listing of MGL
assets abroad
• Trading the privatized
SOEs
• Listing the 15 strategic
deposits
• All Mongolian people
will have sufficient
knowledge about the
capital market
MONGOLIAN STOCK EXCHANGE WILL BE:
1
2
3
4
5
18. Current Market Cap doesn’t reflect the full market potential
FUTURE PROSPECTS FOR MSE
18
Billions USD
Mongolia’s 20
twenty listed
companies
account for 86%
of the current
market cap
•MCS Group
•Mobicom
•Tavan Bogd
•MCS Group
•Mobicom
•Tavan Bogd
•MMC
•Oyu Tolgoi
•South Gobi
•MMC
•Oyu Tolgoi
•South Gobi
•Tavan Tolgoi
•Oyu Tolgoi
•Tavan Tolgoi
•Oyu Tolgoi
•MIAT
•Erdenet
•MIAT
•Erdenet
$45 bln POTENTIAL
$5 bln
$15 bln
$15-20 bln
$4+ bln
19. THANK YOU FOR YOUR ATTENTION
• There are 39000 private companies in Mongolia
• Only 15000 regularly operates & pay taxes
• Out of 100 top local companies in Mongolia only 13 are listed
on MSE
• Well-recognized Mongolian companies that can be listed:
– MCS
– Newcom
– Tavan Bogd
• There are about 3000 mining licenses:
– Mining companies are capital intensive
– But Mongolian junior companies do not have guarantees
that can make them eligible for bank loans
– Ideal target for MSE for expansion & new board can be
created for junior mining companies
• Strategic deposits are to be listed:
• Erdenes Tavan Tolgoi is expected to be first out of the strategic
deposits on the local exchange in near future
Listing Opportunities: Non-listed Local Companies & Dual Listing
FUTURE PROSPECTS FOR MSE
Mongolian companies not yet listed: Major international mining companies in Mongolia
Will enable the company to capture a wider investor universe
Exposure to Tugrug, the best performing currency in the world
In the long run, can provide the company with dual-source of liquidity
Hedge against fall-out in one market
Good for the company’s local corporate image, particularly with national government
Ownership of shares by Mongolian citizens could bring in political stability for the companies operating in Mongolia
Can potentially lead to additional research coverage from Mongolia
With bullish mining sector in Mongolia, can function to re-animate trading of company’s stock in other exchanges
Benefits of listing in Mongolia
Code Company name Listed date Mar.Cap*
(mln US$)
CG Centerra gold 2010-06-29 4,225.9
ETG Entrée gold 2006-04-24 320.3
ERD Erdene resource
development
2005-12-14 40.1
975 MMC 2010-10-13 4,174.8
IVN Ivanhoe mines 1996-06-26 12,712.3
KRI Khan resources 2006-08-01 20.2
POL Polo resources 2010-04-01 157.9
SGQ Southgobi energy
resources
2009-12-03 2,268.3
276 MEC - 2,476.5
Petro matad - 540.24
20. THANK YOU FOR YOUR ATTENTION
Deposit name Mineral type Resources
1 Erdenes Tavan Tolgoi Coal 6,5 bln tones /1,4 bln tones of coked coal/
2 Shivee ovoo Brown coal 645 mln tones
3 Baganuur Brown coal 512810,4 mln tones of balance, 195438 mln tones of non-balance
4 Nariin Sukhait Coal 295,226 mln tones
5 Dornod Uranium 49796,7 thous tones of ore, 56865 tones of metal
6 Gurvanbulag Uranium 10560 thous tones of ore, 16073 tones of metal
7 Mardai Uranium 924,6 thous tones of ore, 1104 tones of metal
8 Tumurtei Iron ore 229.5 mln tones
9 Oyu Tolgoi Copper,
molybdenum
45032 thous tones of copper, 157 thous tones of molybdenum, 12049 tones of silver, 1838
tones of gold
10 Tsagaan Suvarga Copper,
molybdenum
1611,2 thous tones of copper, 66,2 thous tones of molybdenum, 10,7 thous tones of gold
11 Erdenet Copper,
molybdenum
6 mln tones of copper, 170 thous tones of molybdenum
12 Burenkhan Phosphorite 162,56 mln tones of phosphorite ore
13 Boroo Gold 13,4 mln tones of ore, 38,4 tones of gold, 5 tones of silver
14 Tumurtein ovoo Zinc, lead 7,5 mln tones of ore
15 Asgat Silver 24886,7 thous tones of ore, 6,7 thous tons of silver, 210,9 thous tones of copper
FUTURE PROSPECTS FOR MSE
According to the Mineral Law 10% of strategic deposits will be listed
21. THANK YOU FOR YOUR ATTENTION
FUTURE PROSPECTS FOR MSE
Entities Activity Privatization type Estimated privatization date
1 Baganuur Coal mining 51% state property Preparation in 2010,
privatization in 2011
2 3rd thermal power station Electricity production 100% concession contract Preparation in 2010
3 Thermal power station of Erdenet Electricity production 100% concession contract Preparation in 2010
4 Thermal power distribution
companies
Electricity distribution 100% private Preparation in 2010-2011,
privatization in 2012
5 Mongolian stock exchange Stock exchange - Privatization from 2Q, 2010
6 Erdene zam Roadway repairing 100% private Privatization from 3Q, 2010
7 Auto Impex Trade 51% private Privatization from 2Q, 2010
8 Mongolian telecom
communication
Telecommunication 54.76% private Privatization from 3Q, 2010
9 Ulaanbaatar roadways repairing Roadway repairing 49% concession contract Preparation in 2010
10 Cement and lime of Khotol Cement lime production - Privatization in 2Q-3Q, 2010
State Ownership Entities are to be privatized
MORE
COMING IN
NEXT 5
YEARS