Ангилал: Уул уурхай
China factory data roils copper stocks – Freeport falls 9%
The value of base metal miners and the diversified giants fell on Tuesday as metals prices dropped back to near financial crisis lows after Chinese manufacturing data shocked commodity markets.
Aspire Mining company gains funding for Erdenet to Ovoot Rail study
Aspire Mining’s (ASX: AKM) Northern Railways has secured financing from its rail and financial adviser Signum Resources Corporation to carry out the first stage of the Bankable Feasibility Study for the Erdenet to Ovoot Railway.
Turquoise Hill Resources Receives Consensus Rating of “Hold” from Brokerages
Shares of Turquoise Hill Resources (NYSE:TRQ) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month [...]
From Russia to Iran, the consequences of the global oil bust
While we have been watching the Islamic State and discussing Iran, something much bigger is happening in the world. We are witnessing a historic fall in the price of oil, down more than 50 percent in less than a year. When a similar drop happened in the 1980s, the Soviet Union collapsed. What will it [...]
Turquoise Hill Resources Ltd. Price Target Update
Turquoise Hill Resources Ltd. (NYSE:TRQ): 2 analysts have set the short term price target of Turquoise Hill Resources Ltd. (NYSE:TRQ) at $4.19. The standard deviation of short term price target has been estimated at $0.26, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 4 [...]
Возможности наращивания поставок российского и монгольского угля в Японию необходимы всем – парламентарии России и Японии
Россия и Монголия могут помочь в наращивании поставок энергоносителей в Японию, которая испытывает сложности в энергетике после аварии на АЭС «Фукусима-1». Об этом заявил на межпарламентской встрече делегаций Японии, Монголии и России в рамках форума «Байкальский диалог» депутат Госдумы от Бурятии Михаил Слипенчук
Prophecy Provides Updates on its Chandgana Power Plant and Ulaan Ovoo Mining Project in Mongolia
Prophecy Development Corp. (“Prophecy”) (PCY)(otcqx:PRPCF)(frankfurt:1P2) is pleased to announce further to its press release dated March 16, 2015, the following updates on its projects in Mongolia:
Chinese coal imports remain low
Chinese coal imports remained weak during 1H15, when China imported 38% less coal (including lignite and anthracite) compared to 1H14. Just under 100 million t of coal was imported. As such, India is expected to supersede China as the world’s largest importer of coal.
Copper down to fresh six-year low after China market falls
Copper prices hit Tuesday a fresh six-year low, sliding below the psychological $5,000 a tonne level, as China’s equity market posted a steep fall.
Troubled dry bulk market faces turmoil as Chinese coal imports remain weak
The demand for coal in China continues to diminish. So much in fact that India is expected to succeed China as the world’s largest importer of coal this year. China’s consumption of coal accounts for just over 50 per cent of global consumption, however only around 5 per cent of it stems from imports, making [...]
Dr Copper making way too much of China devaluation
The rally in the copper price on Monday after strong Chinese import numbers came to an abrupt halt on Tuesday following the country’s surprise currency move, widely seen as a response to slowing economic growth.
Oyu Tolgoi: one step in a long journey
Much has been written about the Mongolian government and Rio Tinto’s recent agreement over the Oyu Tolgoi copper deposit. But while the Oyu Tolgoi agreement is positive and welcoming news for the country and its 3 million people, I feel that its significance has been greatly exaggerated. In itself, it is not a silver bullet [...]
Uranium Industry set to become major player in Mongolia
Czech company Uranium Industry is pushing to become a major player in uranium mining in Mongolia through its own research and mining projects and a pending US 200 million dollar buy-out of one of its Canadian rivals on the ground.
Heady Days of Mining Boom Over as ‘New Normal’ Reigns, Rio Says
Rio Tinto Group doesn’t see the good old days of booming commodity prices and record profits coming back anytime soon.
China’s secret gold hoarding strategy
China’s recent stock market gyrations have some analysts now calling China the biggest bubble in history. But those who write off China because of market volatility are missing a more important long-term trend of Chinese geopolitical and monetary ascendancy. That trend shows no signs of abating.
Turquoise Hill Announces Financial Results and Review of Operations for the Second Quarter of 2015
Turquoise Hill Resources today announced its financial results for the quarter ended June 30, 2015. All figures are in US dollars unless otherwise stated.
Mongolian Dollar Bonds Drop Most in Two Years as Copper Slumps
Mongolia’s dollar bonds are sliding at the fastest pace in almost two years as a slump in commodity prices dims prospects for the mineral-rich nation.
SouthGobi Wins China Payment Deferral to Buy Time for Funding
Mongolian coal miner SouthGobi Resources Ltd. said it won a deferral on a key interest payment, staving off a threat to its viability and buying time to boost cash flows.
China planning to step up controls on coal imports
Australia’s beleaguered coal sector, already hit by a slump in the price of the commodity and China’s slowdown, may now have to also face tougher import restrictions from the world’s largest consumer of the fossil fuel.
Rio Tinto agrees to invest in Mongolia’s Oyu Tolgoi mine
After two years of intense negotiations, mining giant Rio Tinto has made a deal to invest between $250-300 million to the underground section of the large Oyu Tolgoi copper and gold mine in Mongolia.
Chile’s copper output to fall after 2025, report says
Copper production in Chile, the world’s largest source of the metal, could decline sharply after 2025 due to lack of appropriate technology, a Chilean Copper Commission, or Cochilco, report said.