www.unuudur.com: The latest news of Mongolia in the World

Copper prices fell 0.71 per cent to $6,993 a tonne during Wednesday’s midmorning trade.

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.

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.

Aspire Mining (ASX:AKM) has been granted and received a mining licence covering 860.9 hectares of its 90%-owned Nuurstei Coking Coal Project located in Mongolia.

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 (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.

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.

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.

Copper futures trading on the Comex market in New York turned lower again on Thursday after indications that top consumer China will be well supplied with concentrate going into the fourth quarter.

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 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.

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 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 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.

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 [...]

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.

Copper futures trading on the Comex market in New York advanced for a third session on Tuesday after a rebound in imports by top consumer China.

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’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.

Copper futures trading on the Comex market in New York raced higher on Tuesday on renewed optimism about demand from top consumer China and indications of tighter global mine supply.

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 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.

Copper futures trading on the Comex market in New York jumped on Monday on renewed optimism about economic strength in top commodity consumer China.

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.

Aspire Mining Ltd (ASX:AKM) and its rail subsidiary, Northern Railways LLC have attended a conference in the Russian city of Kyzyl.

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.

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.

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.

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.

Metallurgical coal miners could be exposed to more pricing volatility if a move afoot to do away with quarterly pricing comes to anything.