Ангилал: Уул уурхай
Chinese coal production drops in 2014
Chinese coal production levels have fallen for the first time since 2000 as the country has increased its efforts to reduce its use of fossil fuels and switch to cleaner energy sources, Xinhua has reported.
Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia
Rio Tinto (LON:RIO) has told Mongolia it is willing to give up a $US1.6 billion royalty it would get from the Oyu Tolgoi copper and gold mine in an effort to end a long-dragged dispute with the landlocked nation’s government over a mine expansion.
Mongolia’s Bonds Slump With Copper as Spat With Rio Stalls Mine
Mongolia’s dollar bonds and currency sank to record lows this month as a slide in commodity prices and a dispute with Rio Tinto Group over developing one of the world’s largest copper and gold mines kept foreign investors away.
Rio offers to drop $2bn royalty in bid to solve Mongolian standoff
RIO Tinto has offered to abandon a $US1.6 billion ($2bn) royalty it would get from the Oyu Tolgoi copper and gold mine in a bid to end a standoff with the Mongolian government over development of a stalled $US5bn underground expansion needed to unlock most of the deposit’s value.
www.wikileaks.org: MONGOLIA’S FAILED URANIUM MINING POLICY
Ref: 07 UB 238 ULAANBAATA 00000038 001.2 OF 005 1. (SBU) SUMMARY: On February 1, 2010, Canadian uranium exploration company Khan Resources (KR) announced its intent to accept an offer from the Chinese National Nuclear Corporation (CNNC) to buy controlling interest in KR through the purchase of shares. If consummated, CNNC’s buyout would give this [...]
Global base metals outlook turns negative – Moody’s
Global credit ratings advisory firm Moody’s Investors Service has changed its outlook on the global base metals industry to negative, citing weakening macroeconomic growth indicators and investor sentiment.
Mining stocks fall as copper, iron ore price reach new lows
The value of base and precious metal miners and the diversified giants all fell on Friday as commodity prices dropped to fresh multi-year lows, forecasts for the year were slashed and weakness returned to precious metals markets.
Centerra a step closer to moving gold project in Mongolia forward
Canadian miner Centerra Gold (TSX:CG) said Friday that Mongolia’s lawmakers have taken a step that boosts the company’s plans for developing its 1.6-million ounce Gatsuurt gold deposit near its Boroo Mine.
China pledges to cut coal consumption at Davos
The eyes of the business world have turned to Davos, Switzerland, this week for the 2015 World Economic Forum (WEC). It was here that Chinese Premier, Li Keqiang, has pledged that Chinba will reduce its use of coal and fossil fuels, while also promoting clean coal technologies.
Mongolia’s ‘Sutton Hoo’ threatened by Canadian mine
Ulan Bator – A bid by a Canadian gold mining company to strip-mine part of northern Mongolia’s protected Noyon Mountain Forest which includes the country’s cultural equivalent to England’s Sutton Hoo site or Egypt’s pyramids is causing outrage in the country.
Выбор между порядком и правдой
Сегодня на главной площади Улан-Батора, у Дома правительства, Монгольский гражданский комитет экологических организаций провел пресс-конференцию, требуя заморозить выдачу горных лицензий, прекратить преследования экоактивистов и отменить планируемые поправки, ослабляющие природоохранные законы. Дата и место проведения не случайны — 21 января исполняется год с тех пор, как пятеро активистов, выступавших в защиту рек и озер Монголии от [...]
S&P’s cuts iron ore, copper price forecasts, reviews related companies
Credit rating agency Standard & Poor’s (S&P’s) downgraded its price forecasts for iron-ore and copper owing to slower global growth and said it expects changes to the ratings of related companies in the coming weeks.
Turquoise Hill Resources Downgraded by Bank of America to Neutral
Turquoise Hill Resources (NYSE:IVN) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
Turquoise Hill output at higher end of target
Rio Tinto-controlled Turquoise Hill Resources (TSE:TRQ) on Monday announced that production in the final quarter of 2014 rose thank to higher grades despite a concentrator fire at its massive Oyu Tolgoi mine in Mongolia earlier in December.
Trends in the mining industry in 2015
The pursuit of operational excellence will be the leading theme in the mining industry in 2015, according to Deloitte’s Tracking the Trends 2015, as mining companies push to further improve productivity against continued uncertainty in demand for most commodities. “Unable to rely on a commodity price rally, mining executives have sharpened their focus on achieving [...]
Glencore Stock Slump Erodes Glasenberg’s Firepower for Rio
When Glencore Plc (GLEN) Chief Executive Officer Ivan Glasenberg pitched his vision of creating the world’s biggest miner to Rio Tinto Group last year, it’s unlikely he foresaw a commodity market rout of this magnitude coming.
Cash-strapped Mongolia offers more land for mining
Struggling Mongolia is hoping to drum up more foreign investor interest in its flagging mining industry after opening up an additional 10.1 million hectares (39,000 square miles) of territory for mining exploration.
China orders more regions to cut coal consumption
China’s state planning agency has ordered the city of Shanghai and the provinces of Zhejiang, Jiangsu and Guangdong to draw up plans to reduce coal consumption in a bid to improve air quality, according to a policy document released on Wednesday.
Coal-to-gasoline plant will be launched in Kazakhstan
An experimental complex for processing of brown coal into gasoline and diesel fuel will be launched in April in Kazakhstan’s Akmola Oblast, according to the managing director of Technology Commercialisation Center (TCC), Damir Yegizbayev.
Copper price plummets as commodities drop to 12-year low
In afternoon New York trade on Tuesday copper for delivery in March dropped nearly 5% to a low of $2.5860 per pound in New York after falling below the psychologically important $6,000 a tonne level on the London Metal Exchange earlier in the day.
Wife of Ivanhoe Mines CEO charged after throwing a water bottle at a flight attendant
Ivanhoe Mines (TSE:IVN) received a bit of unwanted publicity on Sunday when it was revealed that the wife of CEO Lars-Eric Johansson is facing criminal charges for throwing a water bottle at a flight attendant on an Air Canada flight. Times Live reported that Nomantangwa Angel Babhekile Johansson, 30, was travelling from London to Toronto [...]
Copper price touches 63-month low
In early New York trade on Friday copper for delivery in March fell to an intra-day low of $2.738 per pound, touching levels last seen end-September 2009, after inflation data out of China renewed fears of a worsening economic outlook for the world’s top consumer of the metal.
Aspire Mining identifies hard coking coal at Nuurstei Coking Coal Project
Aspire Mining (ASX:AKM) and Noble Group (SGX: N21) have completed testwork indicating that hard coking coal is present at their Nuurstei Coking Coal Project in Mongolia.