Climate-stressed Mongolia urged to put yaks before mines
Mongolia should diversify its economy in the face of climate change and other stresses, as reliance on mining at the expense of its livestock industry has put people at risk of commodity price shocks and rising unemployment, an international aid group said.
Iron ore to slide below $46 a tonne by 2021 — analysts
The rally in iron ore prices that saw the commodity climbing near $100 a tonne earlier this year will likely be the highest mark seaborne will reach for at least the next five years, a new report published Tuesday shows.
Mongolia aviation: liberalisation, end of MIAT protection needed to drive growth at new airport
Mongolia’s stagnant aviation market is at an important juncture as the country prepares to open a new airport at the capital Ulaanbaatar in May-2018. In order to drive growth and ensure the new airport does not turn into a white elephant, the government needs to adopt a new more liberal aviation policy and stop protecting [...]
This Sweater Company Is Breaking a Cashmere Cartel
In the remote countryside of Mongolia, a former financial analyst turned style entrepreneur finds the best yarn you can wear on your back.
Coking coal price correction turns into crash
The price of coking coal plunged again on Friday with the industry benchmark price tracked by the Steel Index dropping 9% or $26.10 to $263.40 a tonne as supply disruption following tropical storms in Australia begin to ease.
Post cyclone coking coal price plunge
The price of coking coal dropped sharply on Thursday with the industry benchmark price tracked by the Steel Index losing 4.6% to $289.50 a tonne as supply disruption following tropical storms in Australia begin to ease.
Mongolia Clears Hurdles Needed for $5.5 Billion IMF-Led Bailout
Mongolia has fulfilled prerequisites from the International Monetary Fund to receive a $5.5-billion bailout and is expected to receive an initial tranche of cash at the end of this month.
Aspire Mining study results support open cut coal mine
Aspire Mining (ASX:AKM) has received results from a conceptual mining study evaluating the viability of a mining operation at its 45% owned Nuurstei Coking Coal Project in Mongolia.
Turquoise Hill Resources’ “Neutral” Rating Reaffirmed at Credit Suisse Group AG
Credit Suisse Group AG restated their neutral rating on shares of Turquoise Hill Resources Ltd (NYSE:TRQ) (TSE:TRQ) in a research report released on Tuesday.
S&P says Mongolia ratings affirmed at ‘B-/B’; outlook stable
S&P says Mongolia ratings affirmed at ‘B-/B’; outlook stable
Miners face a changed landscape on return to Mongolia
If investors are reconsidering Mongolia at a time of rising commodity prices, they will find an ecosystem with a range of ownership and governance models from fully state-owned to joint ventures with domestic and foreign companies, to entirely private projects.
Coking coal price jumps to six-year high
The price of coking coal gapped higher again on Thursday with the industry benchmark price tracked by the Steel Index surging 4.6% to $314.00 a tonne due to continued supply outages following tropical storms in Australia.
Coking coal price soars past $300
The market for coking coal took another leap on Monday with the steelmaking raw material surging more than 6% to $300.30 (Australia free-on-board premium hard coking coal tracked by the Steel Index), a 19-week high.
Coking coal price close to $300 a tonne on Australian disruptions
Coking coal prices closed the week 86% higher, climbing 34% on Friday alone to $283.10 a tonne, after damage caused by a cyclone that struck Australia’s north-east coast in late March has put supply at risk.
Korea returns smuggled dinosaur fossils to Mongolia
Eleven confiscated dinosaur fossils from Mongolia have been returned to the Mongolian government, the Supreme Prosecutors’ Office said Sunday.
Erdene Resource moving forward with flagship project in Mongolia
Canada’s Erdene Resource Development (TSX:ERD), the company that literally struck gold earlier this year after finding its new Mongolia-based gold project was richer than previously thought, expects to move Bayan Khundii towards its maiden resource estimate by 2018.
Boeing 737 MAX to Join MIAT Mongolian Airlines Fleet
Boeing and MIAT Mongolian Airlines (Mongolyn Irgenii Agaaryn Teever) today announced the airline’s decision to lease two 737 MAX airplanes from Avolon, a global aircraft leasing company.
Mysterious company working with Bombardier has links to Mongolian rail deal, contract reveals
A mysterious and controversial intermediary company with business links to Bombardier appears to be involved in a new project in Mongolia, according to an investigation by CBC’s French-language service, Radio-Canada, in collaboration with Swedish, Russian and Bosnian journalists.
Rio Tinto’s copper boss sees small market deficit this year
The copper market is likely to see a small shortage as early as this year because of a lack of new supply and the removal of up to 800,000 tonnes over the past 18 months in response to modest prices, Rio Tinto’s copper and diamonds chief will say on Tuesday.
Mongolians protest over alleged theft of government funds
Hundreds of Mongolians protested in the capital, Ulaanbaatar, on Friday over the alleged theft of government funds deposited in offshore accounts.
Mongolian Mining Chapter 15 Bankruptcy Restructuring
Ulaanbaatar, Mongolia-based Mongolian Mining filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 17-10695. The Company, which engages in mining, processing, transportation and sale of coal products in Mongolia, is represented by Timothy E. Graulich of Davis Polk & Wardwell.
Иванов: Монголия не будет строить ГЭС на впадающих в Байкал реках
Монголия не будет строить гидроэлектростанции на впадающих в Байкал реках, в том числе на Селенге, заявил специальный представитель президента России по вопросам природоохранной деятельности, экологии и транспорта Сергей Иванов.
Copper price falls on Grasberg production resumption
In New York on Tuesday copper for delivery in May suffered a second day of markdowns trading at $2.6075 per pound or $5,750 a tonne as output disruptions at the world’s biggest mines appear to be closer to being resolved. Copper is down more than 3% this week.
Mongolia’s reindeer herders defend their way of life
In northern Mongolia, an ethnic group of reindeer herders and rangers face mutual distrust in protecting the same land.
IMF Says Mongolia Tax Rates Low
Tax rates in Mongolia are low, compared to rates in developing countries. To some extent, it is so low that almost equals to tax rates in offshore zones. A personal income tax rate of 10% is at the same level as that in the countries of the Middle East” said International Monetary Fund resident representative [...]
Chinese data, strikes bring copper price back to boil
In New York on Tuesday copper for delivery in May enjoyed a third day of gains adding 1% to $2.6505 per pound or $5,843 a tonne on the back of upbeat economic data from China and continued labour disruptions at the world’s biggest mines.