The funding comes after Xanadu managing director Andrew Stewart spent last week at a gold conference at Beaver Creek.

The raising was priced at 20c per share, reflecting the strong interest.

Xanadu has been having ongoing success with large scale epithermal and porphyry prospects in Mongolia.

Shares were up 5% to 21c in midday trade, capitalising the company at $107 million.

"With the development of the Belt and Road Initiative, the world is facing a new boom in infrastructure investment, which will provide ample opportunities for PPP development," Li Pumin, secretary general of the National Development and Reform Commission (NDRC), said at a PPP forum.

PPPs can help attract private capital, technology and professionals to infrastructure projects in countries involved in the Belt and Road Initiative that were once dominated by the government, according to Jia Biao, an official with China Insurance Regulatory Commission.

Innovative financing models are necessary since some projects under the Belt and Road Initiative require large investments with long payback periods.

PPPs have existed in China since the 1980s, but the adoption of the financing mode had been slow until China released two PPP guidelines in 2014.

In China, operators of PPP projects are encouraged to directly solicit money from the capital market, and social security funds and insurance premiums are allowed to invest in these projects.

The Belt and Road Initiative, an infrastructure and trade network connecting Asia with Europe and Africa along ancient trade routes, was put forward by China in 2013.

The service has started working in test mode and should become fully operational from mid-October.

“In Russia Tmall will be launched within the AliExpress platform. In fact, this marks the brand's debut outside China,” one of the sources said.

AliExpress is one of the most popular online shops in Russia with an estimated 15.6 million customers each month.

According to the people familiar with the matter, Tmall will operate in Russia as a separate online shop and a marketplace (or e-platform), uniting an unlimited number of sellers.

Goods will be delivered from the warehouses of Alibaba's partners in Russia, and not from Chinese storage facilities (cross-border trade), as with AliExpress.

"We started localizing AliExpress in Russia two years ago, launching the marketplace ‘Mall’ within the platform. The upgrade to Tmall means a better quality of services due to a more careful selection of goods, a single warehouse, and logistics based on courier delivery, along with delivery to special points of issue,” said Director of Development of AliExpress in Russia and CIS Mark Zavadsky.

He added that Tmall will offer all kinds of goods, ranging from electronics and household appliances to clothing and children's goods. Russian and international brands, as well as some favorite Chinese brands in Russia, will be available to customers.

According to statistics, Tmall’s website is the 14th most visited, with more than 14,000 international brands registered.

In 2015, Russia and China started an online e-commerce platform called TradeEase aimed at increasing cross-border trade between the two countries.

The SSE initiative currently has 66 partner stock exchanges globally. The vast network presents an opportunity for the MSE to work together with global investors, issuers, policy makers, regulators and other stock exchanges to promote stock exchange’s role in global sustainable development.

Mr. Altai Khangai, MSE CEO was quoted “Mongolian Stock Exchange is committed to be one of the pioneers to promote sustainable financing in our country and encourage sustainable business practices among our listed companies. We are looking forward to engage in dialogue and cooperation with other exchanges around the world to further advance the stock exchange’s role in promoting global sustainable development,” on the SSE Initiative’s website.

According to CNN, even though China announced in February that it would halt all coal shipments from its smaller neighbour through the end of this year, official customs data shows the country stuck to that pledge until last month, when imports of the black mineral added up to $138.1 million.

The increase is noticeable, given that in January China imported about $122.5 million worth of coal, while the number dropped to $98.1 million in February and to zero in March.

Experts consulted by the TV station said that the reason that explains Beijing’s behaviour is that the February ban was imposed so abruptly that several shipments were already sitting at Chinese ports and they had to be cleared before the September 5 sanctions deadline. Following that deadline, the Asian giant said it would not process coal imports from Pyongyang, even if the goods had already arrived.

In a strict sense, China did not violate the Security Council's resolutions. However, analysts such as Anthony Ruggiero, senior fellow at the Foundation for Defense of Democracies, told CNN that actions by Xi Jinping’s government show that it is not a reliable partner.

Ruggiero hopes that China learns from this situation, particularly once its officials see that more Chinese firms and banks are being sanctioned as the US Treasury Department executes its new powers to crack down even harder on anyone who does business with the Kim Jong-un administration.

The call [transcript] came as a result of economic and cultural implications the nations agricultural community is facing as a result of expanding the expanding mining industry. Knox found that while Mongolia has comprehensive environmental legislation, it lacks a necessary implementation framework, causing damage to the environment. He also said that areas in Mongolia are some of the most polluted due to coal burning affecting the air and mining poisoning the water supply:

This air pollution interferes with the rights to life and health because it causes respiratory and cardiopulmonary illnesses that lead to premature mortality. The effects are felt most severely by the most vulnerable, including the old and the ill. Many studies have shown that children are particularly at risk. For example, in 2016, UNICEF estimated that over 400 children under the age of five were dying every year in Ulaanbaatar as a result of pneumonia related to air pollution. In addition, exposure to air pollution in childhood can result in long-term health problems, including lung cancer and cardiovascular disease.
He called on on Mongolia to standardize mining procedures to safeguard the environment:
Mining standards should ensure that the mining is done safely, that it minimizes environmental harm, and that after the mining is completed, the site is restored as far as possible to its original status. Unavoidable harm should be offset and/or compensated. When done correctly, this process can and should result in benefits not only for the country as a whole, but also for the local communities directly affected by the mining.
More importantly he urged Mongolia to protect indigenous land rights activists, noting recent attacks and threats of violence leveled against environmentalist and human rights defenders.

Mr Knox noted that Mongolia has better statistics than many countries on human rights and environment, but still has some problems. He said, ‘Air-pollution in Ulaanbaatar, water and soil-pollution along the banks of the River Tuul have become very serious problems in Mongolia. Generally, Mongolians are known as having a positive attitude to the environment, nevertheless coal ash and rubbish has been scattered along River Tuul.

During his visit to Zaamar soum, the UN expert warned that environmental pollution is reaching a critical level. Also, Mr Knox criticized the ‘Gold’ programme, implemented by the Mongolian government over the environment situation.

The 2nd China-Mongolia Expo and High Level Forum on China-Mongolia-Russia Cooperation kicks off in Hohhot, on Sept. 26, 2017. [Photo by Zhao Shan /China.org.cn]

Under the theme "Construct the China-Mongolia-Russia (CMR) Economic Corridor, embrace global win-win cooperation," this biennial event serves as an important platform and provides a new possibility of foreign exchange between China and its neighboring countries.

Li Jiheng, Secretary of the Party Committee of Inner Mongolia Autonomous Region & Director-General of the Standing Committee of Inner Mongolia Autonomous Region, delivered a keynote speech at the opening ceremony on Tuesday morning which stated that Inner Mongolia would actively pursue the neighborhood diplomacy of amity, sincerity, mutual benefit and inclusiveness put forward by China's President Xi Jinping.

"As the host of the China-Mongolia Expo, Inner Mongolia will make full use of its advantages to create a sound environment to actively incorporate itself into the Belt and Road Initiative, enhancing cooperation between China, Mongolia and Russia," Li Jiheng said.

"This Expo is vital for developing a China-Mongolia comprehensive strategic partnership. Mongolian delegates will further understand China and Inner Mongolia Autonomous Region's industrious developments, advanced technologies and experience; Chinese delegates and foreign delegates can also know more about Mongolian economic and social developments," Sanjmyatav, Vice Chairman of the State Great Hural (Parliament) of Mongolia, said.

Before the opening ceremony, the leaders of China and Mongolia inspected the exhibition at Inner Mongolia International Convention and Exhibition Center and talked with worldwide exhibitors. "It's my second time to attend the China-Mongolia Expo. This Expo provides me opportunities to expand distribution channels. I plan to set up a factory in Hohhot later," said Erdenechuluun Ochir, a Mongolian exhibitor.

Russia is invited as the special guest to promote the influence of the Expo. Their involvement will speed up the construction of the CMR Economic Corridor, expand multilateral cooperation and promote progress in international exchanges.

This year's expo, the main venue of which covers a total exhibition area of 49,000 square meters, will end on September 30.

- The Acting Cabinet met Wednesday and assigned the Governors of Arkhangai, Bayankhongor, Bulgan, Gobi-Altai, Darkhan-Uul, Dundgobi, Uvurkhangai, Umnugobi, Zavkhan, Tuv, Uvs, Khuvsgul and Selenge aimags to segregate safe zones from which meat will be exported, allocate fodder lands in compliance with relevant laws and regulations and support foreign and domestic investment and initiatives.

- Acting Minister of Food, Agriculture and Light Industry P.Sergelen and Director of General Agency for Specialized Inspection N.Tsagaankhuu and corresponding Governors were tasked to take necessary measures to create and quarantine the safe zones and monitor the movement of domestic animals.

- Moreover, the corresponding officials were ordered to establish safe zones near border stations with foreign and domestic investment based on an agreement with specialized bodies of the neighbor countries.