Global Religion and the United Front: The Case of Mongolia
‘Sinified’ religion has a role to play in Xi’s elevation of the United Front (UF) into a foreign policy tool. Informed by Qing imperial policy, CCP voices highlight the potential of state-managed Buddhism to advance PRC policy in Mongolia, where it has become a salient component of UF activity. Attention has been paid to the [...]
Thermal coal prices hit 6-year high
Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions. Measured from lows hit end-2015, early 2016 coal used in power generation has gained 140%.
Former Rio Tinto exec jailed for corruption in China let free
Former Rio Tinto’s head of iron ore business in China, Stern Hu, has been released Wednesday after spending nearly nine years in prison in Shanghai, following a 2010 conviction for corruption and industrial espionage.
Copper price rallies to highest since January 2014
Copper’s stunning rally this week continued in New York on Thursday with the metal touching a high of $3.32 a pound ($7,310 a tonne), the highest since January 2014, before paring some of those gains as worries about labour-related supply disruptions in key producing regions resurface.
Rio Tinto says investors to take stance on Oyu Tolgoi as ‘test case’
Rio Tinto’s copper and diamond chief executive Arnaud Soirat has put pressure on Mongolia to support its planned $5.3 billion Oyu Tolgoi mine underground expansion, saying foreign companies will be looking at it as a “test case” for future investment.
Rio Tinto says climbing costs, resource nationalism once again big threats
World’s No.2 miner Rio Tinto (LON, ASX:RIO) said Tuesday that cost inflation driven by rising oil prices and a resurgence of resource nationalism are increasingly affecting mining companies’ investment decisions.
Making Mongolia Great Again: A 21st-Century Economy In The Heart Of Asia
As the Trump administration resets U.S. foreign policy toward Asia, Mongolia seeks to develop its democracy and natural resources for the benefit of its people and the stability of the region. Our democratic system and our way of life have proven to be resilient. And our partnership with the United States is no small reason [...]
Urban nomads: Mongolian herders battle new future as leave the land for the city
With about 100 sheep and goats, Jugder Samdan makes just enough to scrape by as a nomadic herder in Mongolia, basking in the sun as he watches over his animals, but he worries about the future.
Xanadu Mines intersects over 800 metres of near-continuous copper and gold
Xanadu Mines Ltd (ASX:XAM) has received deeper results from its discovery diamond drill hole at the new Zaraa porphyry within its flagship Kharmagtai Copper-Gold Project in Mongolia.
Mongolian Copper Corp considers international fight for Erdenet mine
Mongolian Copper Corporation (MCC) is considering international arbitration ahead of an expected government appeal against a court ruling the state’s attempt to buy MCC’s stake in one of Asia’s biggest copper mines is illegal, the company said.
Copper price bears are out as first surplus in six years predicted
On Tuesday copper for delivery in May advanced to a two-week high on the Comex market in New York at $3.065 per pound or $6,755 a tonne after positive manufacturing data from China, the globe’s number one metals consumer.
Rio Sees $5 Billion Copper Expansion on Track Amid Probe
Rio Tinto Group has yet to be contacted by Swiss authorities over a bribery investigation related to Mongolia’s giant Oyu Tolgoi copper and gold mine and the site’s $5.3 billion expansion remains on track, according to the producer’s top executive.
Swiss probe Rio Tinto over possible bribes, ex-Mongolian minister expects to be cleared
Swiss prosecutors confirmed on Wednesday they were investigating whether miner Rio Tinto paid bribes linked to the landmark Oyu Tolgoi copper-gold mine.
8 Reasons Why Mongolia’s Capital Ulaanbaatar Might Be The Place for a Trump-Kim Summit
In his recent article “8 Questions the Trump Administration Must Answer Before the Summit With Kim Jong-un,” The Diplomat’s Ankit Panda included the location of the meeting. “Trump should not be willing to sweeten the already-sweet concession of a summit by traveling to North Korean soil to see Kim Jong-un.” The most likely solution to [...]
Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia
Mining giant Rio Tinto (LON, ASX:RIO) will seek approval to build a power plant at its giant Oyu Tolgoi copper and gold mine in Mongolia and so comply with a 2009 investment agreement that calls for local suppliers to power the operation.
Между Россией и Монголией подписано соглашение об условиях ж/д перевозок
Правительством РФ подписан проект соглашения между Россией и Монголией об условиях транзитных перевозок грузов железнодорожным транспортом, 24 февраля сообщается на сайте Правительства России.
Apple in talks to buy cobalt directly from miners
Tech giant Apple Inc (NASDAQ: AAPL) is said to be in talks to buy long-term supplies of cobalt directly from miners as a way to ensure sufficient supply of the metal, an essential ingredient in the batteries that power its iPhone.
Xanadu Mines steps-up drilling to boost copper-gold bounty in Mongolia
Xanadu Mines Ltd (ASX:XAM) is stepping up drilling at its Kharmagtai project in Mongolia as it seeks to expand existing copper-gold resources and test near-surface regional targets.
Australian coal exports valued at AUS$56.5 billion in 2017
The latest trade data from the Australian Bureau of Statistics shows that coal exports in 2017 were valued at AUS$56.5 billion, 35% higher than in 2016. This is the highest ever annual value of coal exports – the previous record was AUS$46.7 billion in 2011.
Armed Forces celebrate graduation of officers from Mongolia
Qatari Armed Forces celebrated the graduation of officers from Mongolia.
FarmaTrust tackling fake medicine in Mongolia with government partnership
A United Kingdom based start up called FarmaTrust has signed a partnership deal with the Mongolian government to help save lives by using blockchain technology for preventing the distribution of counterfeit medications.
Mongolia’s Oyu Tolgoi declares force majeure after border protests
The Oyu Tolgoi copper-gold mine in Mongolia’s southern Gobi Desert declared force majeure after protests by Chinese coal haulers disrupted deliveries near the border, majority owner Turquoise Hill said Wednesday.
Copper falls most in six weeks as metals rally starts to give
After a robust rally, metals prices are starting to pull back.
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
European Union officials have proposed removing eight jurisdictions from the blacklist of tax havens the bloc adopted in December, in what critics may see as a blow to its campaign against tax avoidance.
A Rutgers professor won one of Mongolia’s highest awards
Nowhere on earth has the rugged, nomadic way of life, once so central to all of our ancestors, persevered with such unwavering ardor than on the wind-swept steppes of Mongolia.
Mongolia delays launch of $500-million airport until 2019
Mongolia has delayed until 2019 the completion of a long-awaited $500-million airport project, originally expected this year, the transport minister said, a setback in efforts to diversify a mining-dependent economy.
Copper rallies to three-year high as China plant halts output
Copper in London surged to the highest in almost four years after China ordered its top producer to halt output to combat winter pollution, fueling a rally this year driven by optimism about demand and supply disruptions at mines.
China’s November coal imports from Australia slip on port congestion: customs
Chinese imports of coal from key supplier Australia slipped in November from a year ago, customs data showed, hit by heavy traffic congestion in Australian ports.