Monday, February 01, 2010

One small step in PLA's MOOTW development.

Chinese workers load emergency aid materials onto three IL-76 military transports at Zhengding International Airport in Shijiazhuang, capital of north China's Hebei Province

In the past, China relied on civilian charter planes to deliver emergency disaster relief to foreign countries. This time, China is using three of its IL-76 military transports to aid Mongolia. This development hints the PLA is becoming more involved in MOOTW as it's doctrine evolves.

Granting the military a greater participate in emergency disaster relief abroad, will not only increase the operational proficiency for the crew by offering opportunities for self-evaluation. It also projects a positive light for the PLA.

Expect to see more "China Aid" delivered by the PLAAF in the near future.

A Chinese official sticks signs of "China Aid" on bags of emergency aid materials at Zhengding International Airport in Shijiazhuang

Chinese aid arrives in Mongolia to help combat snowstorms

(Source: Xinhua) 2010-02-02

  ULAN BATOR, Feb. 1 (Xinhua) -- Aid materials provided by the Chinese government arrived on Monday to help Mongolians cope with the worst snowstorms the country has ever seen in three decades.

  The aid, worth 10 million yuan (1.46 million U.S. dollars), includes food, portable power generators and quilts.

  At a handover ceremony at the airport, Enkhbold Miyegombo, deputy prime minister of Mongolia and head of the State Emergency Commission, said the timely support was an embodiment of brotherhood between China and Mongolia.

  Chinese Ambassador Yu Hongyao said he was confident that Mongolians would overcome the disaster with the leadership of the Mongolian government.

  The Red Cross Society of China has also announced a donation of 30,000 dollars to Mongolia, Yu said.

  Snowstorms across Mongolia have left over 1.5 million head of cattle dead, dealing a heavy blow to the country's farming industry.

Editor:Ouyang Dongmei

Oh, in other, completely unrelated news, China buys Mongolian uranium field

UPDATE 2-China's CNNC to buy Khan Resources for C$56.5 mln
Mon Feb 1, 2010 10:39am EST

Feb 1 (Reuters) - Canada's Khan Resources Inc (KRI.TO) agreed to be bought by Beijing-based CNNC Overseas Uranium Holding Ltd in a deal that values the uranium explorer at C$56.5 million ($52.9 million) and gives the Chinese firm access to the Dornod field in Mongolia.

Khan Resources said CNNC, a subsidiary of China National Nuclear Corp, will pay 96 Canadian cents per share, which represents a 12 percent premium to Khan Resources closing price on Friday.

Khan Resources, which holds a 58 percent stake in Dornod, has been looking to renew its licenses for the project, following the Mongolian government's decision to regulate uranium mining.

Dornod has uranium reserves of about 22,000 tons and this amount could be significantly increased with further exploration.

Mongolia's uranium deposits are currently ranked 15th in the world, but are attracting increasing attention as climate change concerns and China's rapid growth spur construction of nuclear power plants worldwide.

In December, Khan Resources had rejected an offer of 65 Canadian cents a share from Russian state uranium miner ARMZ, or AtomRedMetZoloto, which owns a 21 percent stake in Dornod. [ID:nGEE5AT12O]

The company said CNNC has the right to match any superior offer made by another bidder and will be paid a termination fee of C$1.6 million if the deal falls through in certain circumstances.

Khan Resources shares, which have surged about 213 percent in the last three months, were up 14 Canadian cents Monday morning on the Toronto Stock Exchange. They touched a 52-week high of C$1 earlier in the session. ($1=1.069 Canadian dollar) (Reporting by R. Manikandan in Bangalore; Editing by Aradhana Aravindan)

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