If Mongolia didn’t pop into your mind first, you’re probably not alone. This country of just 2.8 million people is landlocked in the middle of Asia, but it’s growing at more than twice the rate of China. Its staggering rate of more than 17%-a-year growth last year may explain why U.S. Secretary of State Hillary Clinton made a pilgrimage to Mongolia, along with Vice President Joe Biden and before him George W. Bush. Not to mention a parade of other Western and Asian powers, including China, along with corporate titans by the planeload. Mongolia’s secret? It sits atop a...read more
Asia Pacific Investment Partners (“APIP”), a Mongolia focused operating group primarily engaged in property development and cement production, has today announced the appointment of its new Chief Operations Officer of Infrastructure and Construction, Joshua Haines.read more
Asia Pacific Investment Partners (“APIP”), a Mongolia focused operating group primarily engaged in property development and cement production, today announced that it has closed its highly successful private placement offering at a pre-money valuation of US$140m. The Group received demand for 2,136,622 common shares at a price of HK$55 per share for aggregate gross proceeds of HK$117.5m (US$15.1m). This exceeds the target fundraise of US$10m by over 50%. The additional proceeds will enable APIP to stockpile a greater quantity of clinker – material used in the production of cement...read more
We are seeking enterprising, imaginative and resilient individuals. Our company offers unparalleled opportunities for professional and personal growth.
We are seeking enterprising, imaginative and resilient individuals. Our company offers unparalleled opportunities for professional and personal growth. We are currently seeking candidates for the following positions based in Ulaanbaatar. REAL STATE AGENT The Purpose of this role is to rent, buy or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Key responsibilities include: Advise clients on market...read more
“GOIN’ to OT?” drawls Andy, a burly tattooed man with that worldly air common to those who have done time in the American army. The gate at Incheon airport in South Korea is packed with travellers, mainly Mongolian expatriates on their way home, waiting to board a flight to Ulaanbaatar. Andy’s is a fair guess as to the destination of one of the few other Western passengers. “OT”—Oyu Tolgoi, or “Turquoise Hill”—is in the middle of nowhere, a desolate spot in the Gobi desert, another hour-and-a-half’s flight south of Ulaanbaatar...read more
Last Thursday I spoke about leveraging capitalism. I made the point, with a bit of help from Chris’s last post, “Leverage – Why Here? Why Now? that Mongolian real estate might be a good long-term speculation. Over the last several months we’ve gotten to know a few of Mongolia’s brightest entrepreneurs. Real estate has been a big focus for most of them. Without a doubt, one of the most successful has been Lee Cashell. You can read an extensive interview that I conducted with Lee in our special report onInvesting in Mongolia. If you don’t have it you can download it here. I also...read more