Khukh Tsav cement plant to produce 2Mt/yr from 2014

Mongolia: A president of the Mongolian Alt Corporation (MAK) has announced that the Khukh Tsav cement plant will be able to produce 2Mt/yr of cement from 2014. At a state visit to the site by the Minister and the state secretary of the Construction and Urban Development Ministry, Ts Bayarsaikhan and R Erdeneburen, B Nyamtaishir of MAK asked that a quota of foreign workers be allowed to work at the plant.

Engineering firm FLSmidth has been contracted to provide machinery for the project. Once operational PC42,5 PC52,5 and PC62,5 cement will be produced at the cement plant located in Dalanjargalan Sum, Dornogovi aimag in the south-east of the country. Any source

16/9/2013: More pesky stuff on PMIs v Reality...

Readers of this blog would know that I have been skeptical about the Purchasing Manager Indices capacity to accurately track changes in the economic output, especially during the times of unstable trend or trend shift. The latest on the topic was recently covered here: http://www.fergco.co/2013/09/1092013-pmi-and-real-economy-goldman.html

And here's the handy chart from Pictet neatly highlighting the same problem:

Not being a conspiracy theorist, I would not suggest that latest changes in Markit reporting of PMIs - and in particular dramatic shift away from actually providing broader public and analysts community with some hard numbers and in favour of providing more 'interpretations' of the data plus often unreadable charts has anything to do with the breakdown in PMIs correlations with actual activity... but it would be nice to have more accurate and data-focused releases.

Note: full Pictet note on industrial production in the euro area is here: http://perspectives.pictet.com/2013/09/13/euro-areas-industrial-production-data-back-to-reality/

Any source