Ангилал: Уул уурхай
Mongolia Bows to Pressure From IMF, Mining Majors
Multinational mining companies are ready to return to Mongolia in a big way now that the country has opened up vast new lands for exploration and eased regulatory and tax burdens for foreign investors.
China successfully mines flammable ice from the South Sea
After nearly two decades of research and exploration, China has successfully mined so-called “flammable ice” in what authorities qualify as a major breakthrough that may lead to a global energy revolution.
Coal exporters should fret as China, India become policy-driven markets: Russell
May 17 Coal exporters may be feeling more comfortable about their future as they see both reasonable demand from Asia’s top importers and prices which appear to be stabilising at levels that allow for decent profits.
Turquoise Hill revenue surprise lifts shares 6%
Shares in Turquoise Hill (TSE:TRQ) rose sharply on Tuesday after the company announced better than expected revenues amid declining production at its massive Oyu Tolgoi copper and gold mine in Mongolia.
Mongolia says it grows 4.2 pct y/y in Q1, lifted by higher coal prices
May 16 Mongolia’s economy, which grew only 1 percent in 2016, expanded 4.2 percent in the first quarter from a year earlier, buoyed by the coal sector’s turnaround, government data showed on Tuesday.
Nuurstei project mine development funding update
Mongolian metallurgical coal explorer and infrastructure company, Aspire Mining Limited (ASX: AKM, the company or Aspire), has announced that it has received an Expression of Interest (EOI) to fund a modular coal handling and processing plant (CHP) proposed to be established at the Nuurstei coking coal project (Nuurstei Project) mine.
Mongolia Energy says it has suspended mining works in Khushuut coal mine
Have suspended our mining works relating to overburden removal and coal excavation in khushuut coal mine for saving operation costs
China’s commodity imports return to more normal levels: Russell
The pullback in China’s imports in April of crude oil and major bulk commodities, except coal, is more of a reminder that strong gains can’t last forever than a warning that demand is waning in the world’s biggest importer of natural resources.
Copper price: Plunge in China imports wipes out 2017 gains
In February copper hit a 21-month high on the back of optimism that Donald Trump’s $500 billion-plus infrastructure plan would add fuel to the fire of Chinese economic stimulus already working its way through commodity markets.
Coking coal price slumps again
The price of coking coal plunged again on Monday with the industry benchmark price tracked by the Steel Index dropping 6% or $12.40 to $199.40 a tonne as the impact of supply disruption following tropical storms in Australia appears to have been less than previously thought.
China’s coal imports take temporary hit from Australian cyclone: Russell
China’s coal imports from the seaborne market fell in April, with top exporting countries unable to fully cash in on the loss of Australian shipments in the wake of a powerful cyclone that knocked out mines and infrastructure.
Iron ore to slide below $46 a tonne by 2021 — analysts
The rally in iron ore prices that saw the commodity climbing near $100 a tonne earlier this year will likely be the highest mark seaborne will reach for at least the next five years, a new report published Tuesday shows.
Coking coal price correction turns into crash
The price of coking coal plunged again on Friday with the industry benchmark price tracked by the Steel Index dropping 9% or $26.10 to $263.40 a tonne as supply disruption following tropical storms in Australia begin to ease.
Post cyclone coking coal price plunge
The price of coking coal dropped sharply on Thursday with the industry benchmark price tracked by the Steel Index losing 4.6% to $289.50 a tonne as supply disruption following tropical storms in Australia begin to ease.
Aspire Mining study results support open cut coal mine
Aspire Mining (ASX:AKM) has received results from a conceptual mining study evaluating the viability of a mining operation at its 45% owned Nuurstei Coking Coal Project in Mongolia.
Turquoise Hill Resources’ “Neutral” Rating Reaffirmed at Credit Suisse Group AG
Credit Suisse Group AG restated their neutral rating on shares of Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) in a research report released on Tuesday.
Miners face a changed landscape on return to Mongolia
If investors are reconsidering Mongolia at a time of rising commodity prices, they will find an ecosystem with a range of ownership and governance models from fully state-owned to joint ventures with domestic and foreign companies, to entirely private projects.
Coking coal price jumps to six-year high
The price of coking coal gapped higher again on Thursday with the industry benchmark price tracked by the Steel Index surging 4.6% to $314.00 a tonne due to continued supply outages following tropical storms in Australia.
Coking coal price soars past $300
The market for coking coal took another leap on Monday with the steelmaking raw material surging more than 6% to $300.30 (Australia free-on-board premium hard coking coal tracked by the Steel Index), a 19-week high.
Coking coal price close to $300 a tonne on Australian disruptions
Coking coal prices closed the week 86% higher, climbing 34% on Friday alone to $283.10 a tonne, after damage caused by a cyclone that struck Australia’s north-east coast in late March has put supply at risk.
Erdene Resource moving forward with flagship project in Mongolia
Canada’s Erdene Resource Development (TSX:ERD), the company that literally struck gold earlier this year after finding its new Mongolia-based gold project was richer than previously thought, expects to move Bayan Khundii towards its maiden resource estimate by 2018.
Rio Tinto’s copper boss sees small market deficit this year
The copper market is likely to see a small shortage as early as this year because of a lack of new supply and the removal of up to 800,000 tonnes over the past 18 months in response to modest prices, Rio Tinto’s copper and diamonds chief will say on Tuesday.
Mongolian Mining Chapter 15 Bankruptcy Restructuring
Ulaanbaatar, Mongolia-based Mongolian Mining filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 17-10695. The Company, which engages in mining, processing, transportation and sale of coal products in Mongolia, is represented by Timothy E. Graulich of Davis Polk & Wardwell.
Copper price falls on Grasberg production resumption
In New York on Tuesday copper for delivery in May suffered a second day of markdowns trading at $2.6075 per pound or $5,750 a tonne as output disruptions at the world’s biggest mines appear to be closer to being resolved. Copper is down more than 3% this week.
Chinese data, strikes bring copper price back to boil
In New York on Tuesday copper for delivery in May enjoyed a third day of gains adding 1% to $2.6505 per pound or $5,843 a tonne on the back of upbeat economic data from China and continued labour disruptions at the world’s biggest mines.
Copper supply disruptions push prices up
Copper prices climbed Monday, helped mainly by ongoing supply disruptions at two massive mines in Chile and Indonesia, intensified by an indefinite strike that broke Friday at Freeport-McMoRan’s (NYSE:FCX) Cerro Verde mine in Peru the country’s largest.
Mongolia sees no change in Oyu Tolgoi copper stake
Mongolia said it has no plans to change the size of its stake in the massive Oyu Tolgoi copper mine, although it is seeking to boost exploration as it works to bolster its finances following an IMF-led loan deal.