WORLD INDICES

Change %
(Day)
YTD change %
MSE - Top20 MN 15,948.34 1.55 -2.17
DJIA US 17,013.87 -0.57 2.64
S&P 500 US 1,988.44 -0.65 7.58
Nasdaq US 4,552.29 -0.87 9.00
S&P/TSX comp CN 15,536.81 0.18 14.06
FTSE 100 UK 6,829.00 -0.08 1.18
S&P/ASX 200 US 5,566.20 -0.74 4.00
Hang Seng HK 25,190.45 -0.20 8.08
Bloomberg/asia.pac ASIA 179.40 -0.11 6.70
COMMODITY PRICES
Change %
(Day)
YTD change %
Prime Coking Coal /Tianjin 140.14 0.00 -26.50
Zinc Spot /LME 2,290.50 -3.74 11.57
Iron Ore 58% /Tianjin 72.40 -2.03 -39.67
Copper Spot /LME 6,857.25 -2.04 -7.03
Oil 92.75 0.10 #N/A N/A
Gold Spot /LME 1,254.40 -0.09 4.39
Silver Spot /LME 19.03 -0.16 -2.27
MONGOLIAN ECONOMIC INDICATORS
Date Last
YoY change
%
RGDP /bln. MNT/ 2014.07 9,857 5.3
NGDP /bln.MNT/ 2014.07 6,635 14.6
Inflation 2014.07 14.9
Foreign reserve /mln. USD/ 2014.06 1,317.5 -57.6
Policy rate July 31 ,2014 12.00
DEBT MARKET
Bonds - Coupon
Amt.
issued mln
USD
Last Yield Maturity date
DBM bond - 5.75 580 98.45 6.426 3/21/2017
MMC bond - 8.875 600 64.00 30.152 3/29/2017
Mongol 2018 - 4.125 500 94.40 5.839 1/5/2018
Mongol 2022 - 5.125 1,000 87.74 7.001 12/5/2022
TDBM 2015 - 8.5 300 100.00 8.497 9/20/2015
TDBM 2015 - 12.5 25 99.75 12.460 11/17/2015
TDBM 2017 - 10 dim sum 115 97.30 11.015 1/21/2017
DBM bond - 1.52 sam. 290 103.12 1.156 12/25/2023
INDICES CHANGE
MSE TOP 5 MOST TRADED
Trade value '000
MONGOLIAN RELATED NEWS
MONGOLIAN STOCK EXCHANGE EXTENDS PARTNERSHIP WITH LONDON STOCK
EXCHANGE GROUP
London Stock Exchange Group (LSEG) and the Government of Mongolia today announced they have
signed an extension to their strategic partnership agreement between LSEG and the Mongolian Stock
Exchange (MSE). The agreement, signed by Chultem Ulaan, Mongolian Finance Minister and Xavier
Rolet, CEO, LSEG, will extend LSEGs partnership with the MSE by a further three years and allow
the two companies to build on the progress achieved to date. In 2012, The Mongolian Stock
Exchange successfully migrated to the new MillenniumIT trading, market surveillance and depositary
platform, marking the culmination of a 14-month project to modernise the countrys capital markets
infrastructure. In addition, LSEG has developed a wide-ranging education programme for market
participants and worked with the Mongolian government to re-draft the countrys capital markets
regulations and securities law. As part of the extended agreement, LSEG will work with MSE on
several new areas including Post Trade infrastructure, FTSE Index development and we will
investigate opportunities for trading new products and asset classes, including commodity derivatives
and FX.
http://www.mse.mn/news/show/id/1012
TURQUOISE HILL SUFFERS ANOTHER SETBACK AT OYU TOLGOI MINE
Turquoise Hill Resources announced yet another setback at its troubled Oyu Tolgoi copper project on
Tuesday, saying the rake arms in one of the mines two tailings thickeners had failed. The Vancouver-
based miner, a subsidiary of mining company Rio Tinto Plc , said an investigation was under way to
determine the cause of the failure and that repairs had begun at the mine in southern Mongolia. Oyu
Tolgoi, which is 66 percent owned by Turquoise Hill and 34 percent owned by the Mongolian
government, is one of the most promising copper assets in the world. But the project, initially
discovered and developed by mining financier Robert Friedlands Ivanhoe Mines Ltd, has been
plagued by a myriad of problems over the last decade. In May, Turquoise Hill said rake blade failures
had curbed production at Oyu Tolgoi in the first quarter, shutting down one production line for about
seven weeks. Such teething issues at the mine, which began production in 2013, have followed a
multitude of delays over the years, due to disputes with the Mongolian government over licenses and
other matters. Turquoise Hill said its concentrator at Oyu Tolgoi continued to operate at about a 60
percent production rate using the second thickener. The company said it would update the market as
additional information becomes available.
http://www.unuudur.com/?p=29328
Oil & Oil Shale Mongolia 2014 begins today
Oil & Oil Shale Mongolia 2014 International Investment Conference will kick off in Ulaanbaatar, today,
September 10th. The two-day conference will bring together oil experts, representatives from the
private sector, and foreign investors. The conference aims to become a platform for discussion on the
improvement of the legal environment for oil and oil shale, in particular, the Petroleum Law of
Mongolia. Participants will exchange views on tax issues in the oil sector, social concerns and the
latest technology in the field. Prime Minister N.Altankhuyag, Mining Minister D.Gankhuyag are among
the key speakers.
http://english.news.mn/content/188922.shtml
GLOBAL NEWS
Asian Stocks Drop as Australia Slides; Kiwi, Crude Rally
Asian stocks fell, as Australian and Japanese shares drove the regional index toward a four-week low
amid concern over the timeline for U.S. interest-rate increases. New Zealands dollar rebounded and
crude oil rose. The MSCI Asia Pacific Index dropped a fifth day, slipping 0.3 percent by 10:09 a.m. in
Tokyo. The S&P/ASX 200 Index (AS51) fell 0.8 percent in Sydney and Japans Nikkei 225 Stock
Average lost 0.4 percent. Standard & Poors 500 Index futures declined 0.1 percent following the U.S.
gauges biggest retreat since Aug. 5. The kiwi rallied 0.2 percent from a seven-month low and the
pound also strengthened against the dollar. Oil in New York and London advanced 0.2 percent, while
copper climbed 0.3 percent in early trading, rebounding from an almost one-month low. The U.S.
reports on wholesale inventories today, as investors speculate over the outlook for interest rates.
BlackRock Inc. said the improving jobs market and signs of price growth add to the argument for
higher U.S. rates. Apple Inc. (AAPL), which counts companies from Taiwan to China and Japan as
suppliers, ended the U.S. day down 0.4 percent after unveiling a smartphone and new iPhones.
Shares reached a record Sept. 2.
http://www.bloomberg.com/news/2014-09-09/japan-futures-drop-after-apple-falls-dollar-holds-
gains.html
2014-09-10
10 September 2014
Daily Report
Performance
Last Country Index
Indicator
Performance
Last
USD
Commodity
NEWS & ANALYSIS
-2.17
2.64
9.00
14.06
1.18
4.00
8.08
1.66
-3.67
YTD %
1.55
-0.57
-0.87
0.18
-0.08
-0.74
-0.20
-0.49
-0.35
MSE - Top20
DJIA
Nasdaq
S&P/TSX comp
FTSE 100
S&P/ASX 200
Hang Seng
DAX
Nikkei 225
Change % (Day)
873
812
474
466
403
243
0 500 1,000
TCK
MRX
EER
JTB
GOV
HHC
0.69%
-5.24%
4.36%
-10% -5% 0% 5%
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
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Volume MSETOP Index
Daily Report | 2014.09.10

10 September 2014 2
MONGOLIAN RELATED COMPANIES
Name Sym Currency Last Chg day % YTD %
Trade value
000 USD
Market cap
mln USD/
52w high 52w low
Currency
cross
Turquoise Hill TRQ US Equity USD 3.330 0.91 0.91 6,907.0 6,700.95 4.36 3.01 1.00
Centerra Gold CG CN Equity CAD 6.000 -2.60 38.89 6,520.6 1,293.80 6.90 2.82 1.10
MMC 975 HK Equity HKD 0.640 0.00 -37.86 398.2 305.96 1.63 0.48 7.75
Denison Mines Corp DML CN Equity CAD 1.320 -3.65 2.33 1,143.4 608.58 1.95 1.01 1.10
Winsway Coking Coal Holdings Ltd 1733 HK Equity HKD 0.405 0.00 -17.35 206.7 197.17 0.71 0.31 7.75
MoEnCo 276 HK Equity HKD 0.227 0.00 -6.58 0.0 197.90 0.29 0.15 7.75
SouthGobi Resources 1878 HK Equity HKD 4.700 0.00 -31.69 137.2 113.60 10.22 4.38 7.75
Central Asia Metals PLC CAML LN Equity GBp 167.000 0.00 18.44 12,649.3 297.42 190.00 125.00 0.62
Mongolia Investment Group Ltd 402 HK Equity HKD 0.177 0.00 -38.97 87.8 152.92 0.43 0.16 7.75
Mongolia Growth Group YAK CN Equity CAD 2.210 6.25 -2.64 26.2 70.05 3.07 1.71 1.10
North Asia Resources Holdings Ltd 61 HK Equity HKD 0.160 0.00 -12.09 149.4 72.25 0.23 0.10 7.75
Guildford Coal Ltd GUF AU Equity AUD 0.060 1.69 -27.59 0.6 46.71 0.15 0.05 1.09
Origo Partners PLC OPP LN Equity GBp 7.875 0.00 6.78 613.0 45.31 9.50 6.63 0.62
Entree Gold Inc ETG CN Equity CAD 0.290 0.00 -6.45 7.9 38.88 0.53 0.27 1.10
Aspire Mining Ltd AKM AU Equity AUD 0.055 0.00 -1.79 44.8 33.35 0.08 0.03 1.09
Prophecy Coal Corp PCY CN Equity CAD 0.075 7.14 -6.25 1.4 17.23 0.13 0.04 1.10
FeOre Ltd FEO AU Equity AUD 0.055 0.00 34.15 4.1 26.81 0.08 0.03 1.09
Petro Matad Ltd MATD LN Equity GBp 3.250 0.00 -13.33 0.0 14.65 11.50 2.63 0.62
Xanadu Mines Ltd XAM AU Equity AUD 0.145 0.00 190.00 0.0 32.26 0.18 0.03 1.09
Haranga Resources Ltd HAR AU Equity AUD 0.030 -14.29 -51.61 3.2 6.68 0.09 0.03 1.09
Wolf Petroleum Ltd WOF AU Equity AUD 0.060 -10.45 -14.29 1.1 14.47 0.09 0.03 1.09
Manas Petroleum Corp MNAP US Equity USD 0.130 -4.76 89.78 106.8 22.44 0.14 0.04 1.00
Khan Resources Inc KRI CN Equity CAD 0.345 -1.43 21.05 15.9 21.44 0.45 0.15 1.10
Voyager Resources Ltd VOR AU Equity AUD 0.002 0.00 -50.00 0.0 2.85 0.01 0.00 1.09
East Asia Minerals Corp EAS CN Equity CAD 0.035 0.00 -12.50 1.0 3.55 0.13 0.03 1.09
Erdene Resource Development Corp ERD CN Equity CAD 0.150 -3.23 7.14 16.9 10.26 0.26 0.07 1.10
Modun Resources Ltd MOU AU Equity AUD 0.004 33.33 0.00 13.3 4.69 0.01 0.00 1.09
Kincora Copper Ltd KCC CN Equity CAD 0.050 -9.09 100.00 10.6 13.93 0.09 0.02 1.10
General Mining Corp Ltd GMM AU Equity AUD 0.012 0.00 -29.41 0.3 1.48 0.03 0.01 1.09
Draig Resources Ltd DRG AU Equity AUD 0.017 0.00 -51.43 0.4 1.04 0.04 0.01 1.09
Newera Resouces Ltd NRU AU Equity AUD 0.002 0.00 -66.67 1.1 2.17 0.01 0.00 1.09
Blina Minerals NL BDI AU Equity AUD 0.001 0.00 0.00 1.0 1.33 0.00 0.00 1.09
Source: Bloomberg
MONGOLIAN STOCK MARKET
9 September 2014 13 JSC's 15,847 shares worth 6.12 mln MNT have been
traded.
TOP20 index was 15,948.34 1.55% YTD -2.17%
Company name Trade volume
Trade
value '000
Last Chg day Chg day %
Buy
volume
Buy price Sell price Sell volume
TTL 500 2600 5200 0 0.00% 50 5200 5240 135
TCK 43 873 20300 140 0.69% 157 20300 20500 10
MRX 9,020 812 90.02 -5 -5.24% 1300 90 98 7980
EER 206 474 2300 96 4.36% 685 2300 2400 90
JTB 5,549 466 84.05 -3 -3.39% 60 80 84.9 1300
GOV 51 403 7900 0 0.00% 2 7950 7980 10
HHC 54 243 4500 0 0.00% 0 0 4500 38
UID 361 203 561 -9 -1.58% 239 551 600 299
BDS 10 25 2499 0 0.00% 0 0 2640 30
BAN 5 19 3700 100 2.78% 59 3600 3799 55
APU 1 4 3850 150 4.05% 615 3700 3850 1815
ETR 37 3 93.9 -1 -1.07% 150 90 93.9 963
RMC 10 2 150 16 11.94% 1000 135 150 990
30 day graphic
Change day
3
2
2013.06 2702.1
2013.06 7591
13606.65
1899
10 September 2014
Diclaimer
This document has been prepared by the investment banking division of Golomt Bank for information purpose only. The views
expressed are the views of the analyst and are subject to change based on market and other conditions and factors. The
information provided does not constitute investment advice or other recommendations and should not be relied on as such. It
should not be considered a solicitation to buy or an offer to sell a security or to pursue any trading or investment strategy. All
material, including information sourced from or attributed to Golomt Bank, has been obtained from sources believed to be
reliable, but its accuracy is not guaranteed. Past performance is no guarantee for future results. Accordingly you must
independently determine, with your own advisors, the appropriateness for you of the securities/transactions before investing
or transacting.
Investment Banking Division of Golomt Bank

The principal activities of Investment Banking Division constitute structuring, sourcing, negotiating and closing debt and equity financings
as well as the provision of incisive advisory services for private and public companies as well as institutions, public sector agencies and
authorities.

Our vision is to fuel the profitable growth of our valued clients by providing the highest-quality investment banking services, and in so
doing create an environment which will lead to long term, mutually beneficial relationships. We strive to achieve these lasting
relationships by matching each client assignment with the collaborative expertise of the Banks team of seasoned banking and
investment professionals.

Contact

Sukhbaatar Square, Ulaanbaatar 210620A, Mongolia
Fax: +976-70117676 /1402/
E-mail: ibd@golomtbank.com
Website: www.golomtbank.com