Ангилал: Уул уурхай
Erdenes TT seeks to repay Chalco amid low coal prices
Erdenes Tavan Tolgoi, Mongolia’s largest state-owned coal miner, has trimmed its debt to a Chinese customer to USD 130 million from USD 350 million, and aims to pay the remaining amount due this year.
Mongolia March copper exports up 53 pct on rising Oyu Tolgoi sales
Mongolia’s copper concentrate export volumes leapt 53 percent year-on-year in March, with rising output from the $6.5 billion Oyu Tolgoi project run by Anglo-Australian miner Rio Tinto driving up sales, official data showed.
Teck invests further in Halifax’s Erdene to expand copper exploration in Mongolia
Despite poor first quarter results, Vancouver-based Teck Resources Ltd. (TSX:TCK.A, TCK.B), (NYSE:TCK), one of Canada’s largest miners, is increasing its investment in Halifax-based Erdene Resource Development (TSX:ERD), which will use the funds to explore for copper in Mongolia under a strategic alliance announced last year.
Erdenes TT Seeks to Repay Debt to Chalco Amid Low Coal Prices
Erdenes Tavan Tolgoi, Mongolia’s largest state-owned coal miner, has trimmed its debt to a Chinese customer to $130 million from $350 million, and aims to pay the remaining amount due this year.
Монголия увеличила закупки российского топлива
Железнодорожные поставки российского моторного топлива в Монголию резко выросли в марте на фоне усиления спроса со стороны местных компаний и снижения привлекательности других направлений поставок для российских экспортеров. Монгольские компании активизировали закупки бензина и дизельного топлива в марте, рассчитывая на рост цен в апреле.
Berkh Uul production on fast track
With Viking Ashanti moving closer to a friendly takeover of private company Auminco Mines, the combined entity believes it could become a producer of thermal coal from the Berkh Uul project within the next 12 to 18 months.
Turquoise Hill Gains as Mongolian PM Gives Mine Funding Support
Turquoise Hill Resources (TRQ) Ltd. rose to a one-month high after Mongolia’s Prime Minister Altankhuyag Norov said his government fully supports project financing to restart construction on the second phase of the Oyu Tolgoi mine.
Turquoise Hill buys time for Oyu Tolgoi expansion
Shares in Turquoise Hill Resources (TSE:TRQ) dropped 4% on Tuesday after the company gave an update on production and financing for an underground expansion project at its massive Oyu Tolgoi mine in Mongolia.
Copper is pathological and suffers from SAD, but it has value – Goldie
Dr. Copper may be in a supercycle, but there are serious problems. Raymond Goldie explains that the base metal acts pathologically and has a bad case of seasonal affective disorder. Gold Report interview.
Rio’s Turquoise Hill Says Parties to Seek OT Funding Extension
Turquoise Hill Resources Ltd. (TRQ), the miner controlled by Rio Tinto Group, said all parties in the Oyu Tolgoi copper mine in Mongolia agreed to seek a funding extension for the underground expansion amid talks with the government.
Mongolia’s investor relations: a job for Genghis Khan?
It was only an April Fool’s day joke – but when an Ulaanbaatar website suggested that Mongolia go on a Genghis Khan-style “investor roadshow” across several continents on horseback to win back international investors, it hinted at the size of the image deficit the north Asian nation faces.
Copper Glut Seen Imperiled as Projects Face Delays
Copper is heading for the biggest surplus in 13 years as new supply hits the market. The excess may turn out to be smaller than investors expect as new mines struggle to ramp up, according to the metal’s biggest producer.
Aspire Mining to supply Ovoot coking coal to Sainshand Industrial Park
Aspire Mining (ASX: AKM) should trade higher today after it signed an agreement with a Mongolian Government entity to supply future coal produced from the Ovoot Project in Mongolia to the Sainshand Industrial Complex.
China’s Shenhua to invest in cross-border rail link from Mongolia
Shenhua Group, China’s top coal producer, will form a joint venture with partners in Mongolia to build a cross-border rail link that will help ship coal to China, the company confirmed on Wednesday.
Mongolia counts cost of mine delay as RioTinto deadline passes
A dispute between the Mongolian government and its biggest foreign investor over the expansion of one of the world’s largest copper mines has added to concerns over the country’s faltering economy.
China to shut down 2,000 coal mines this year
China will shut down roughly 2,000 small coal mines this year, with a total capacity of 117.48 million tonnes, as part of the Beijing’s ongoing plan to reduce the alarming rates of air pollution and reduce the nation’s dependency on the fossil fuel.
RF Defence Minister Sergei Shoigu suggests shifting of coal flows from Eastern to Southern direction
At the meeting of RF Government, Defence Minister Sergei Shoigu suggested the development of coal transportation towards the southern regions – through Western Mongolia to China and then to other countries, the meeting transcript reads.
Mongolia’s mining boom takes toll in locals health
In recent years Mongolia has gained a worldwide reputation of being “the next big thing” in mining, but the investment rush is reaching a familiar turning point, with experts warning that unchecked economic growth and mining-related infrastructure projects have begun posing a risk to the country’s rich environment and biodiversity.
Монголия заинтересовалась эстонским опытом добычи горючего сланца
В конце марта эстонское государственное предприятие Eesti Energia и его дочернее предприятие, занимающееся переработкой горючего сланца в масло Eesti Energia Оlitооstus посетили руководители крупного монгольского предприятия Narantuul. Об этом ИА REGNUM сегодня, 2 апреля, сообщили в пресс-службе Eesti Energia, отметив, что целью визита было знакомство со сланцевой промышленностью Эстонии. В Монголии находятся богатые залежи сланца, [...]
Mongolia’s mining boom raises environment concerns
With an abundance of minerals and one of the world’s fastest growing economies, Mongolia is a hotspot for mining companies. But, lawmakers are struggling to ensure the environment doesn’t pay a heavy price.
Copper Set for Second Weekly Gain on Mine Supply Concern, China
Copper headed for a second weekly advance on concern that supplies from global mines will trail forecasts and amid speculation demand may increase in China, the biggest user of industrial metals.