Ангилал: Уул уурхай
Erdene provides update on gold projects in Mongolia
Erdene Resource Development Corp. (TSX:ERD) (“Erdene” or “Company”), is pleased to provide an update on its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) and Altan Nar Gold-Polymetallic Project (“Altan Nar”). In advance of the resumption of drilling in September 2016, the Company has been carrying out extensive technical studies on the styles and controls of [...]
Growth in Chinese thermal coal imports won’t last
Recent increases in thermal coal imports in China may appear promising, but a new report from BMI Research states that Chinese coal consumption has already peaked. BMI forecast that Chinese coal imports will continue to grow strongly for only a few months; after that, there will be a gradual decline in coal imports from 2017 [...]
Copper price is going nowhere
Credit ratings agency Moody’s warned at the beginning of the year that the current downturn in raw materials was like no other and that defaults among mining and metals companies could reach levels last seen during the height of the financial crisis.
Aspire starts feasibility study for Mongolia rail project
Mongolian metallurgical coal explorer and infrastructure company Aspire Mining has started the first stage of the rail feasibility study for the Erdenet to Ovoot railway, which is critical to the development of the Ovoot coking coal project.
Coal’s rally is at risk from lower China imports in August
If you believe that thermal coal’s rally this year has been largely on the back of rising Chinese imports, it follows that any sign of moderation in demand in the world’s biggest buyer would raise a red flag of caution.
China’s Closing Coal Mines Too Slow to Meet Capacity-Cut Targets
China urged state-owned coal producers to accelerate mine closures in order to meet year-end targets as part of President Xi Jinping’s drive to curb industrial overcapacity.
$60 iron ore price see Australia, Brazil lose market share
The import price of 62% Fe content ore at the port of Tianjin jumped back above $60 per dry metric tonne level on Friday according to data supplied by The Steel Index.
Copper price falls again despite monster Chinese imports
In New York trade on Tuesday copper for delivery in September suffered another down day despite indications of continued strong Chinese demand.
China’s war on coal keeps fuelling prices recovery — up 30% since April
Despite grim outlooks and US-led global efforts to reduce dependence on fossil fuels, the coal industry is experiencing an unexpected but welcome windfall with prices for the commodity soaring more than 30% in the last four months.
Copper production growing by 1m tonnes a year
Global copper production capacity at mine level through 2019 is expected to grow at a robust average annual rate of 4% to reach 26.5 million tonnes (mt) a year in 2019, according to a new report by the International Copper Study Group.
Turquoise Hill Resources Ltd. (TRQ) Shares are Down -2.24%
Turquoise Hill Resources Ltd. (TRQ) has risen sharply, recording gains of 8.05% in the past 4 weeks. However, the stock has corrected -2.24% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.21% in the past 4 weeks, but has [...]
Thermal coal price hits 10-month high as Chinese buyers snap up cargoes
A crackdown by the Chinese government on surplus thermal coal has had a knock-on effect on the price – spelling good news for miners of the fuel that investors and energy consumers love to hate.
Copper’s $149 Billion Mine Pipeline Stalls as Deficit Nears
The $149 billion pipeline to expand the world’s copper supply is running into trouble.
Coal after Paris
The December 2015 Paris Agreement aims to hold the average global temperature increase to well below 2°C and to pursue efforts to limit the global temperature increase to 1.5°C. Greenhouse gas (GHG) emissions should peak as soon as possible and then reduce rapidly after peaking, to reach a balance between GHG sources and sinks by [...]
Bill Gates and other billionaires backing a nuclear renaissance
Let’s for a second imagine a world without nuclear energy. That’s a tough one but let’s try. No nuclear bombs, of course, no Chernobyl and Fukushima, no worries about Iran and North Korea. A wonderful world, maybe?
Rio Tinto clashes with Bernstein over Mongolian mine report
Rio Tinto and Bernstein Research have clashed over a report that examined the investment case for the miner’s flagship copper mine in Mongolia.
Copper stocks deep into red as gold miners surge
It was a tale of two markets on Friday as the shares of diversified mining majors were dumped and gold stocks surged after the UK’s vote to leave the European union wreaked havoc on financial and commodity markets.
Are copper and China set to rally?
In marked contrast to gold, copper looks to be set up for a sizable rally here. On its one-year chart we can see that after its significant drop during May and early June, it is down on an important support level that is certainly capable of generating a rally, despite its still bearishly aligned moving [...]
Turquoise Hill Resources Ltd. (NYSE:TRQ) Analyst Rating Consensus
Turquoise Hill Resources Ltd. (NYSE:TRQ) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 1 Brokerage Firm. 1 Brokerage Firms have advised hold.
Кыргызстан повторит «монгольскую ошибку»?
Монголия готова выплатить 70 млн долларов за приведение в порядок своей испачканной инвестиционной репутации. Наша республика тоже будет вынуждена пойти на такой опасный шаг? Мы тоже можем повторить такие ошибки по причине подливания масла в огонь.
Rio Tinto Unit Leads Mining Stock Gains on Push for Gobi Riches
The best bet among Americas mining stocks this week is the owner of a giant copper deposit in the Gobi Desert, a sign the industry is entering a new phase after years of cutbacks.
Новиченко объяснил выбор Краснокаменска местом размещения медеплавильного завода
Вице-премьер правительства Забайкальского края Сергей Новиченко 20 июня на пресс-конференции по итогам Петербургского экономического форума объяснил выбор Краснокаменска местом размещения медеплавильного завода текущими возможностями города для размещения готовых производств.
Canada’s Erdene Resource sees bright future after striking gold in Mongolia
Canada’s Erdene Resource (TSX:ERD), one of the very few miners to never have encountered issues in Mongolia, has seen its shares soar in the last few months after the company hit the jackpot with a new multi-ounce gold discovery in the country’s southwest.