Ангилал: Уул уурхай
Turquoise Hill Resources Ltd. Insider Ownership stands at 49.5
Turquoise Hill Resources Ltd. (NYSE:TRQ) reported its last quarter results on 11/03/2016. This Company belongs to Basic Materials sector.
Petro Matad shares rise as Shell exit payment is now expected in matter of days
Petro Matad Limited (LON:MATD) shares rose in Wednesday’s early deals as it revealed that an awaited payment from Royal Dutch Shell is now expected in a matter of days.
In latest move, China halts over 100 coal power projects
China’s energy regulator has ordered 11 provinces to stop more than 100 coal-fired power projects, with a combined installed capacity of more than 100 gigawatts, its latest dramatic step to curb the use of fossil fuels in the world’s top energy market.
RSI Review on Shares of Mongolian Mining Cor
Investors are tracking indicators on shares of Mongolian Mining Cor (MOGLF). The current 14-day RSI is 50, the 7-day is at 43.77, and the 3-day is resting at 31.3. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. The RSI was developed by J. Welles [...]
Copper price jumps as China imports hit all-time high
At the end of November copper hit an 18-month high on the back of optimism about the possible impact of president-elect Donald Trump’s $500 billion-plus infrastructure plan on the metal, widely used in construction, manufacturing transportation and power industries.
Metal Price Collapse And China Exodus Push Mongolia To A Risky Economic Brink
Once upon a time Mongolia was happening. Mining firms from Australia, China, Russia and North America were digging up the vast country for the likes of gold and copper. People had jobs and money to spend. Then in 2014 foreign investment began to fall along with a global decline in commodity prices. China’s step back [...]
Iron ore, copper prices jump on upbeat economic forecasts
Commodity bulls got a hold of the two biggest mining markets on Tuesday providing both copper and iron ore a more than 3% boost in price after upbeat news from top consumer China and forecasts of strong growth in the US.
Coking coal price crashes through $200
It’s only been a week of trading, but the year to date fall in the price of coking coal has already reached 17%. The steelmaking raw material is also now $120 below its multi-year high of $308.80 per tonne (Australia free-on-board premium hard coking coal tracked by the Steel Index) hit in November.
Erdene new gold zone at Mongolia Bayan Khundii project larger than expected
Canada’s Erdene Resource (TSX:ERD), one of the very few miners to never have encountered issues in Mongolia, unveiled Tuesday results for nine diamond drill holes from its step-out program at Bayan Khundii gold project, which shows a discovery made in October is larger than originally thought.
Erdenet to Ovoot Railway determined feasible
Mongolian metallurgical coal explorer and infrastructure company, Aspire Mining Ltd, has, through its rail subsidiary, Northern Railways LLC (NR), received the first stage feasibility study from China Railway First Survey and Design Institute Group Co. Ltd (FSDI) for the Erdenet to Ovoot Railway in Mongolia.
Coking coal price correction turns into rout
It’s only the 5th, but the year to date fall in the price of coking coal has already reached 8%. The steelmaking raw material is also a round $100 below its multi-year high of $308.80 per tonne (Australia free-on-board premium hard coking coal tracked by the Steel Index) hit in November.
China to plow $360 billion into renewable fuel by 2020
China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country’s energy agency said on Thursday, as the world’s largest energy market continues to shift away from dirty coal power towards cleaner fuels.
Copper to be best performing commodity of 2017 — analysts
Copper, until recently one of the worst performing commodities of the past two years, experienced a sudden spike at the end of 2016, posing several questions as to the direction of the market as we move into 2017.
China coal output, demand to rise even as excess under fire
China expects coal output and demand to increase by 2020 even as it aims to cut 800 million tonnes of outdated capacity as the world’s largest consumer of the fuel ramps up years-long efforts to tackle smog and make its manufacturing sector more efficient.
Gold producers eye Xanadu as Mongolia gets its act together
Australian gold producers are among a host of mining companies that have taken a close look at Mongolian explorer Xanadu Mines in recent weeks, with a shortage of new discoveries, improving appetite for acquisitions and recent policy stability in Mongolia putting the nation’s stalled mining industry back on track. Xanadu’s Ulaanbaatar-based managing director Andrew Stewart [...]
Mongolia Nov coal exports hit a record high
Coal-rich Mongolia exported 3.81 million tonnes of coal in November, soaring 77.97% from 2.14 million tonnes in October this year, hitting a record high, showed data from the Mineral Resources Authority of Mongolia.
Who is saving Mongolia’s collapsing economy? China imports Mongolia coal doubled
There is no doubt that China is the Saviour of the collapse of Mongolia.
After China Demurs, Mongolia Approaches India to Finance Oil Project
Mongolia is looking at India and other investment partners as its economy contracts and its debt burden grows amidst Chinese sanctions over hosting the Dalai Lama.
Massive Mongolia coal deposits could revive its flagging economy
Former frontier market darling Mongolia has had a tough time in a world of low commodity prices, with its government struggling to make ends meet, but a spike in global coal prices could see the country stage a comeback.
Turquoise Hill resumes Mongolia mine shipments to China
Turquoise Hill Resources Ltd said on Wednesday it had resumed concentrate shipments from its giant copper-gold Oyu Tolgoi mine in Mongolia following talks with Chinese and Mongolian authorities.
Copper producers feel the Trump bump
Copper prices, which have been in steady decline since 2011, thanks to China’s slowing economic growth, have been on a tear lately, lifting both the stock prices for B.C. copper mining companies and the hopes of developers with new copper projects in the pipeline.
China bans North Korean coal- but only till January
Fresh UN sanctions against North Korea aimed at punishment for a nuclear test in September will be honoured by China, the reclusive regime’s most important trading and diplomatic partner.
Coking coal price savaged – biggest drop in 17 months
While the price of futures trading in China and Singapore were swinging wildly in recent weeks, the benchmark for the seaborne market – Australia free-on-board premium hard coking coal tracked by the Steel Index – seemed to consolidate above $300 a tonne.
China ‘blocks’ Mongolia border after Dalai Lama visit
Mongolia says hundreds of trucks stuck at the border after move seen as a response to Dalai Lama’s visit to Ulaanbaatar.
Mongolia Mining Corp could see debt deal before year-end
Mongolian Mining Corporation’s debt restructuring talks with its creditors are progressing well and a deal could be reached before the end of the year, the country’s Vice Minister Badamsuren Khookhor said on Monday. Hong Kong-listed Mongolian Mining Corp has been in default after missing a coupon payment in March on its $600 million 2017 issue.
Copper price boost as Chinese imports rebound
The copper price hit an 18-month high on an intraday basis last week as global manufacturing activity continues to pick up and hopes about US president-elect Trump’s $500 billion infrastructure plans lift sentiment.
Mongolia Protests Chinese Import Tax Following Dalai Lama Visit
Local Chinese governments on the border with Mongolia have imposed new fees on companies exporting minerals from Mongolia into China, a move that closely follows Mongolia’s warm welcome of Dalai Lama.