Ангилал: Уул уурхай
Australia FTA with China: shift from mining to dining
Australia signed a long-awaited free trade agreement with China, its largest trading partner, coinciding with Tuesday’s state-visit by China’s president, Xi Jinping. As expected, the FTA sees tariffs on Australian agricultural products lowered and thresholds increased on Chinese private company investment in Australia.
Copper miners strike optimistic note on medium-term prices
Copper prices could be held down by rising supply from mines in the next couple of years but are set to surge after that due to a dearth of monster projects and bottlenecks at refineries, senior executives at top copper producers said on Wednesday.
Australia-China trade deal offers some relief to Chinese coal miners
A landmark Australia-China free trade deal signed on Monday will delay the exemption of import tariffs on Australian thermal coal, giving Chinese miners a much-needed buffer for local prices to recover, traders and analysts said.
Rio Tinto’s Walsh urges G20 leaders to reduce investment risk
Mining giant Rio Tinto CEO Sam Walsh has called on the delegates attending the G20 summit in Brisbane, Australia, to support investment in their various countries by supporting the vision of economic growth and reducing investment risk.
Deutsche Bank Is Upbeat About Rio Tinto Breaking The Logjam On Its Huge Mongolian Mine
Deutsche Bank is confident the dispute between Rio Tinto and the Mongolian government over the company’s $US4.9 billion Oyu Tolgoi copper and gold project could be resolved as early as next quarter.
Turquoise Hill surges after Mongolia taps new leader
Shares in Turquoise Hill Resources (TSE:TRQ) gained sharply for a second day in a row after reports that Mongolian politicians were moving quickly to end a political crisis following the ouster of Prime Minister Altankhuyag Norov last week.
Oyu Tolgoi talks could be delayed by Mongolia political turbulence
Rio Tinto subsidiary Turquoise Hill Resources this week reported that negotiations to resolve tax issues with the Mongolian government regarding the massive Oyu Tolgoi copper/gold mine could be delayed after Prime Minister Norov Altankhuyag was removed when members of Parliament voted to dismiss him earlier this month.
Turquoise Hill cuts Q3 net loss, lowers 2014 production and spending targets
Turquoise Hill Resources Ltd. (TSX:TRQ) had a smaller third-quarter loss as its Oy Tolgoi mine in Mongolia cut expenses, ramped up production and drew down its copper concentrate inventories by selling more than it produced.
Northern Mongolian Rail Corridor agreement signed
The Northern Railways rail infrastructure subsidiary of Aspire Mining has signed an engineering, procurement and construction framework agreement with China Railway 20 Bureau Group covering Phase 1 of the Northern Mongolian Rail Corridor. This follows parliament’s approval of the government’s national rail policy in October.
Rio Tinto’s $5.4bn Oyu Tolgoi expansion in limbo once again
Rio Tinto’s (LON, ASX:RIO) $5.4 billion second-stage expansion of its embattled Oyu Tolgoi copper and gold project in Mongolia is once again facing challenges and further delays amid political uncertainty and major changes at operator and Rio’s subsidiary Turquoise Hill (TSX, NYSE:TRQ).
Yanzhou Coal injects $2.8bn into troubled Australian unit
Yanzhou Coal, one of China’s largest coal miners, will inject $2.8 billion (A$3.2bn) into its Australian subsidiary Yancoal (ASX:YAL) in an attempt to keep it afloat as coal prices flirt with five-year lows.
Mongolia PM ousting may delay mine talks -Turquoise Hill
Last week’s ousting of Mongolia’s prime minister is likely to delay talks on resolving a long-running dispute over the huge Oyu Tolgoi copper and gold mine in the mineral-rich country, joint-mine owner Turquoise Hill Resources Ltd said on Monday.
Rio Tinto CEO on Mongolia Project, Diamond Business
Rio Tinto Group Chief Executive Officer Sam Walsh talks about the stalled $5.4 billion expansion of the Oyu Tolgoi project in Mongolia, and the company’s diamond business. He spoke yesterday with Bloomberg Television’s Stephen Engle on the sidelines of the Asia-Pacific Economic Cooperation forum in Beijing.
Rio Hopeful Mongolia PM Change Will Unblock Oyu Tolgoi
Rio Tinto Group (RIO) sees a change of leadership in Mongolia as potentially positive for the stalled $5.4 billion expansion of the Oyu Tolgoi project, while leaving open the prospect for another writedown at the mine.
Russia to increase gas supply to China
Russia and China have signed a memorandum of understanding to supply gas from western Siberia to China, in the second big gas deal to be sealed this year as President Vladimir Putin builds investment ties with China to counter increasing isolation from the west.
Mongolia-based miners in limbo after premier ousted
Foreign investment in Mongolia, which is dependent on copper, coal and gold exports, has dropped sharply this year as the country has been unable to agree with global miner Rio Tinto (LON:RIO) on the terms of investment in the $5bn next phase of the Oyu Tolgoi mine.
Turquoise Hill CEO Steps Down as Oyu Tolgoi Dispute Continues
Turquoise Hill Resources Ltd. (TRQ) announced the retirement of Chief Executive Officer Kay Priestly after two years at the helm of the company that controls the Oyu Tolgoi copper and gold mine in Mongolia.
Ivanhoe OK to build one of world’s biggest platinum mines
Shares in Robert Friedland’s Ivanhoe Mines (TSE:IVN) were soaring this morning, jumping over 12% mid-morning, as South Africa’s Department of Mineral Resources gave final approval for the Canadian company to start building Platreef, one of the world’s biggest platinum mines.
Glencore’s coal output up 9% as prices touch 5-year low
European thermal coal for delivery next year headed for its lowest-ever close as one of the major producer, Glencore (LON:GLEN) reported Tuesday a 9.2% increase in third-quarter output amid a glut of supply in the seaborne market.
Mongolian coal’s long road to market: China, Russia and Mongolia
In Mongolia today, hunger for coal, copper, gold and uranium wealth is at odds with democracy as the demands of international resource giants collide with a stubborn political culture of resource nationalism.
The mining industry’s key risk is access to water
Patrick Corser, senior VP at MWH Global, met with MINING.com in mid-October to discuss managing water at mines. MWH Global is a global infrastructure engineering firm that provides technical engineering, construction services and consulting solutions to protect, enhance, store and distribute water. Mine Water Solutions in Extreme Environments conference is being held in April 2015.
Turquoise Hill Files 2014 Oyu Tolgoi Technical Report
Turquoise Hill Resources today filed an updated compliant independently-prepared technical report under National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101″) relating to the Oyu Tolgoi Project (the “Project”). Prepared by OreWin Pty Ltd, the 2014 Oyu Tolgoi Technical Report (2014 OTTR), updates the Oyu Tolgoi Technical Report dated March 25, 2013 [...]