Ангилал: Уул уурхай
Xi’s China a boon for mining
Most analysis of the 19th National Congress of the Communist Party of China has focused on how President Xi Jinping is consolidating his already considerable power acquired through a purge of opponents in a corruption crackdown that shows no sign of slowing down.
Copper price: Rio slashes production guidance
On Monday, the copper price surged to $3.25 a pound or $7,165 a tonne, its highest level in more than three-and-half years over optimism about the strength of the economy of top consumer China and worries about global supply.
Chinese companies to build 700 coal plants in and outside China
Coal is dead. Coal mining is a sunset industry. Donald Trump is crazy if he thinks he can revive Big Coal. While all these statements have become part of global consciousness when it comes to the future of the much-maligned fossil fuel, a report by Urgewald, a Berlin-based environmental group, casts doubt on at least [...]
Xanadu Mines confirms three large porphyry targets
Xanadu Mines (ASX:XAM) has confirmed that three of its 19 copper-gold and gold targets are new large-scale porphyry prospects within its flagship Kharmagtai project in Mongolia.
Mongolia’s tiny stock market soars on coal trade renaissance
A boom in the coal trade in Mongolia has helped elevate the country’s benchmark stock index and pump the tiny exchange’s market capitalisation to five-year highs as optimism about the economy grows following a bailout deal.
Miner Kincora secures EBRD help to explore Mongolia
Canadian-listed miner Kincora Copper on Friday said the European Bank for Reconstruction and Development would acquire a 6.16 percent stake in the company for 1.4 million Canadian dollars ($1.1 million) to further its exploration in Mongolia.
Монгольский уголь объезжает Китай
Монголия, регулярно сталкивающаяся с проблемами при вывозе своего угля в Китай, пытается переключить часть экспорта на российский Дальний Восток. Пока предполагается отгрузка небольших партий через Восточный порт в Находке. По мнению источников “Ъ” и экспертов, при реальной потребности Монголии в диверсификации поставок это соглашение выглядит скорее политическим и монгольский уголь будет конкурировать за портовые мощности [...]
Xanadu Mines confirms higher-grade mineralisation across porphyry at Kharmagtai
Xanadu Mines Ltd (ASX:XAM) continues to make high-grade copper-gold intercepts from diamond drilling at the Stockwork Hill deposit, located within the company’s Kharmagtai project in Mongolia.
Copper price powers on but doubts are starting to creep in
December copper futures trading on the Comex market in New York powered ahead on Monday after hedge funds pushed bullish bets on the metal to fresh record highs. Copper touched a high of $3.1095 a pound ($6,855 per tonne) up more than 1% from Friday’s closing price and the highest since October 2014. Copper is [...]
China’s largest coal miner sees prices around 550 yuan/tonne in H2
China’s largest coal miner Shenhua sees spot prices around 550 yuan ($83) per tonne with supply stable going into winter, the company said on Monday, easing worries that a cut in coal output could fuel another rally in prices.
Copper price surges to 32-month high as hedge funds place $20 billion bet
Copper futures trading on the Comex market in New York raced ahead on Wednesday as global supply disruptions came back into view and large-scale speculators place huge bets on rising prices.
How a group of Mongolian herders took on a mining giant — and won
WASHINGTON — Tending camels in the Gobi desert — moving them to fresh grazing pastures in the spring and summer, and to shelter in the winter — has been a way of life for families in Mongolia for thousands of years. But cycles of freezing winters and dry summers — a natural phenomenon which the [...]
Kincora Copper brings in C$4.5mln ahead of Mongolia drilling
Mongolia- focused explorer Kincora Copper Ltd (CVE:KCC) has brought in over C$4.5mln via a placing to be used for drilling at its East Tsagaan Suvarga and Bayan Tal targets.
China’s Shenhua suspends two coal mines, Mongolia set to benefit
China Shenhua Energy Co. Ltd has suspended operations at two large open-pit coal mines in northern China, it said late on Thursday, a move that could benefit producers across the border in Mongolia.
Mongolia coal export trade up fourfold in H1 on North Korea ban
Mongolia’s coal export trade grew more than fourfold in the first half of 2017, with the country benefiting from China’s ban on imports of the commodity from North Korea and curbs on deliveries into smaller ports.
China June coal imports from Mongolia, Russia rise – customs
China’s coal imports from Mongolia and Russia rose in June as utilities and steel mills sought out less expensive raw materials even as the government tried to curb purchases of foreign fuel.
Erdene Provides Exploration Update on Southwest Mongolia Gold Exploration; Continues to Expand Western Gold Zone at Bayan Khundii
Erdene Resource Development Corp. (TSX:ERD) (“Erdene” or “Company”) is pleased to provide additional assay results from the Company’s 2017 drill program at its 100% owned Bayan Khundii Gold Project (“Bayan Khundii”) in southwest Mongolia.
North Korea ban lifts coking coal price
The price of coking coal jumped on Friday with the industry benchmark price tracked by the Steel Index up 2.8% to $167.60 a tonne. Premium hard coking coal prices (FOB Australia) are now at the highest level since mid-May.
Mongolia’s rumbling resource nationalism
Mongolian stocks tanked in the aftermath of the first-round presidential contest, cast as a referendum on the ruling People’s Party (MPP) IMF program-related economic policies, before stabilizing for a 2% gain through end-June on the Bloomberg 20 leading companies index.
“Mongolia have probably the biggest gold resources globally”
Already on 10 February 1922, the People’s Government of Mongolia signed a landmark resolution that brought a significant coal deposit in Nalaikh city under state control. By the end of the year, exploration on the deposit was complete, ushering in what is today considered the birth of the mining sector in the country.
Copper price jumps on Chinese imports surprise
In February copper hit a 21-month high on the back of optimism that Donald Trump’s $500 billion-plus infrastructure plan would add fuel to the fire of Chinese economic stimulus already working its way through commodity markets.
Commodity prices slump to 50-year low against US stocks
The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world’s largest economy remains stuck around the 1% level.
Is coking coal pricing moving away from quarterly benchmarks?
Metallurgical coal miners could be exposed to more pricing volatility if a move afoot to do away with quarterly pricing comes to anything.