Ангилал: Уул уурхай
Ecological gold from Mongolia: Artisanal miners obtain Fairmined Certification
For the first time ever an artisanal and small-scale mining organization outside of South America has reached Fairmined Certification. The Mongolian NGO XAMODX now joins the existing three Fairmined certified organizations. They are the only producer of Fairmined Ecological Gold, a special Fairmined label for Fairmined Gold produced without the use of mercury or cyanide.
Mongolia Pardons American, 2 Filipinos in Tax Case
Mongolia’s president on Thursday pardoned an American mining executive and two Filipinos sentenced to prison for tax evasion, in a case that raised questions about the Asian nation’s reputation as an investment destination.
Turquoise Hill Announces Sale of Remaining Stake in SouthGobi Resources
Turquoise Hill Resources (NYSE: TRQ) (NASDAQ: TRQ) (TSX: TRQ) (Turquoise Hill or the Company) today announced that it has entered into a share purchase agreement with Novel Sunrise Investments Limited (the Purchaser), a private investment holding company with affiliated Chinese-based enterprises in real estate, logistics and supply-chain management, providing for the sale to the Purchaser [...]
Посол США в Монголии отчитал министра Улан-Батора за то, что в их угольном тендере выиграл Китай, а не США
Свое недовольство результатами тендера, проведенного с Улан-Баторе, заявила Чрезвычайный и Полномочный посол США в Монголии Пайпер Энн Уинд Кемпбелл обращаясь к руководителю специальной рабочей группы правительства Монголии в ранге министра М. Энхсайхану.
Coal miners jailed for Mongolia tax evasion seek pardon
Earlier this month, three ex-employees of SouthGobi Resources, a coal producer owned Turquoise Hill (TSE, NYSE:TRQ), were found guilty of tax evasion by a Mongolian court. Under Mongolian law, tax and other disputes are pursued in courts under the criminal code.
Centerra Gold reports Q4 net loss on Kyrgyz impairment charge
TSX-listed Centerra Gold has swung to a fourth-quarter loss, mainly impacted by a significant impairment charge on its Kyrgyz cash generating unit, fewer ounces produced and sold and lower realised gold prices.
Mongolian Parliament backs bid to end Rio copper mine dispute
Mongolia’s parliament has backed its new prime minister’s plan to resolve a long-running dispute with global miner Rio Tinto this year over plans to expand the massive Oyu Tolgoi copper mine.
Chinese coking coal sector will continue to suffer in 2015
According to the CRU Group, Chinese coking coal prices have undergone a continuous deterioration, exhibiting a 29% y/y decline in 2014 and CRU estimates that approximately 44% of coking coal output is currently loss-making. However, up to year-end, no obvious pull back in Chinese coking coal production had been observed in 2014.
Short-term coal industry outlook
According to the US Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO), total electric power sector coal stocks increased by 6 million t in November 2014 to 142 million t at month end. The increase in coal stocks followed the typical seasonal pattern where coal-fired electric power plants build stocks during the autumn months [...]
Northern Railways achieves important rail milestones
Aspire Mining Limited has announced that its Mongolian rail infrastructure subsidiary, Northern Railways LLC, has received two important signoffs from the Mongolian Government necessary to progress Rail Concession negotiations with the Mongolian Government.
Tian Poh Resources raises $1.6M, acquiring stake in Mongolian molybdenum-copper project
Tian Poh Resources (ASX:TPO) has raised $1.62 million through a share placement and has secured an exclusive option to acquire a 51% interest in the Zuun Mod Molybdenum-Copper deposit in Mongolia.
Mongolia’s Lacking Due Process Versus Families On Social Media
American Justin Kapla and Filipinos Hilarion Cajucom Jr. and Cristobal David have been detained in Mongolia for 818 days now. Americans who wish to draw this case to President Obama’s attention can sign this linked petition for Mr. Kapla and this one by Mr. Cajucom’s family in the U.S. to accomplish that. Supporters of Hilaron [...]
Rio shuns Mongolia plan to swap Oyu Tolgoi equity for royalties
Global miner Rio Tinto is not interested in a proposal by Mongolia to cut its equity stake in key mines such as Rio’s Oyu Tolgoi in exchange for more royalties, CEO Sam Walsh said on Thursday.
Citi: Oil Could Plunge to $20, and This Might Be ‘the End of OPEC’
The recent surge in oil prices is just a “head-fake,” and oil as cheap as $20 a barrel may soon be on the way, Citigroup said in a report on Monday as it lowered its forecast for crude.
Mongolia looks at equity for royalties swap in big mining projects
Mongolia is looking to revive stalled foreign investment in large mining projects by considering a reduction of its equity stake in strategic mines in exchange for higher royalties, according to a government plan due to be unveiled on Friday.
Mongolia text poll’s Oyu Tolgoi impact
Mongolia’s referendum by text message that asked its three million citizens (anyone with a mobile phone could participate, not just eligible voters) to help shape country’s economic policy, is either a triumph of direct democracy, a meaningless political exercise, or both.
Can Turquoise Hill Overcome Consequences From Mongolia’s Divided Leaders?
The recent verdict concerning SouthGobi Resources Ltd. (OTC:SGQRF), whereby three former employees received harsh prison sentences, and the company was fined $18 million for alleged tax evasion, underscores the growing threat Turquoise Hill Resources (NYSE:TRQ) faces in Mongolia, specifically with its flagship mine – Oyu Tolgoi.