Ангилал: Уул уурхай
World Energy Resources: 2013 Survey
As energy is the main ‘fuel’ for social and economic development, and since energy-related activities have significant environmental impacts, it is important for decision-makers to have access to reliable and accurate data in an user-friendly format. WEC has for decades been a pioneer in the field of energy resources and every three years publishes its [...]
Rio readies for Mongolia pounce
Rio Tinto is edging closer to snaffling the stake in Canada’s Turquoise Hill Resources it does not already own in a move to shore up its exposure to key copper asset Oyu Tolgoi as it tries to counter a predicted drop in the iron ore price.
Mongolia tames “Ninja” gold miners to support currency
A tussle between Mongolia’s authorities and some 60,000 “ninja miners” for control over the country’s gold industry captures in microcosm the broader battles that Ulaanbaatar is waging to shore up its slumping tugrik currency and central bank reserves.
Fresh signs of imminent Oyu Tolgoi deal between Rio Tinto and Mongolia
The long-dragged dispute between Rio Tinto (ASX, LON, NYSE:RIO) and the Mongolian government over a $6.6 billion underground expansion of Oyu Tolgoi, the Anglo-Australian giant’s massive copper-gold mine in Mongolia, seems to be finally coming to an end.
Rio Tinto closer to striking a deal on Mongolia mine
Signs that Rio Tinto is close to striking a deal with the Mongolian government to develop the second stage of the huge Oyu Tolgoi mine continue to mount, with an engineering contractor advertising for workers on what appears to be the famous copper and gold mine.
Mongolia may lift ban on new mining exploration permits -minister
(Reuters) – A moratorium on new mining exploration licenses in Mongolia could be lifted during the spring session of parliament, Mongolia’s mines minister said, as the Asian country works to lure back foreign investment after a slump last year. A ban on the issuing and processing of licenses has been in place since June 2010, [...]
No deal: Areva and Niger miss deal deadline again
Nuclear energy company Areva and the Niger government have once again missed the deadline to reach an agreement over extraction contracts, adding to negotiations that have dragged on for two years already
Mongolia’s water scarcity could threaten its economic boom
The sight of foreign faces in Ulan Bator used to turn heads. Now they are two-a-penny as the once remote Mongolian capital fast becomes a hotspot for international investors. The main draw is the country’s rich mineral deposits, which, if successfully exploited, could see the national economy more than double over the next two decades.
Uranium miners making quantum leaps higher
The resource sector is heating up with merger and acquisition activity as I predicted only a few weeks ago in this recent article. When the herd was ignoring our sector, I positioned my readers ahead of the curve and called it a rare holiday bargain sale. Now the sentiment for the junior miners is turning [...]
Mongolia Chooses Mine Developers
The Mongolian government selected a consortium of U.S., Chinese and Russian interests to develop one of the world’s largest unexplored reserves of coking coal, reflecting the country’s need to balance its political and economic interests.
Mining magnate Friedland buys into Australia copper prospector
A move by Robert Friedland’s High Power Exploration to buy a stake in copper prospector Apollo Minerals marks a further inroad by the mining entrepreneur into Australia’s small-cap resources sector.
Kincora Copper CEO on Prices, Bronze Fox, Mongolia
Sam Spring, president and chief executive officer at Kincora Copper Ltd., talks about the company’s mining prospects in Mongolia. He speaks with Rishaad Salamat on Bloomberg Television’s “On the Move.”
Ex-Oyu Tolgoi chief sees Mongolia investment rules improving
Rio Tinto’s former Mongolian chief and boss of the massive Oyu Tolgoi copper project says the country is taking the right steps to arrest a drop in foreign investment but needs to do more to ease uncertainty for explorers and developers.
Trafigura to buy 30 pct of Jinchuan copper smelter in China
HONG KONG, Feb 21 (Reuters) – Global commodity trader Trafigura said it would buy 30 percent of Jinchuan Group’s copper smelter in southern China, the first time a foreign firm has taken a major stake in such a facility in the world’s top consumer of refined copper.
Turquoise Hill shares plunge on Oyu Tolgoi update
Shares in Turquoise Hill Resources (TSE:TRQ) dropped close to 8% on Thursday after the operator of the massive Oyu Tolgoi mine in Mongolia gave little indication of progress in its negotiations with the government of the Asian nation.
The colour of money in Mongolia? Turquoise
What follows concerns the likely actions of the government in Ulaanbaatar, which is pretty much the definition of a frontier market and all the perils that go with it. With that warning, come with us to Mongolia.
Rio Tinto turns up mine output in iron ore, other minerals
Rio Tinto on Thursday recorded big increases in production of iron ore and other minerals it sells mainly to China, betting the country’s massive economic growth will provide a ready market for decades to come.
Khan Files Fiscal Year End 2013 Financial Results
TORONTO, ONTARIO, Jan 15, 2014 (Marketwired via COMTEX) — Khan Resources Inc. (cnsx:KRI) (” Khan” or “the Company”) announced today that it has filed its financial statements and management discussion and analysis for the year ended September 30, 2013 on Sedar and has posted these documents to its website www.khanresources.com .