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

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.

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 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.

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.

The idea of coal as a scarce commodity seems somewhat preposterous given it remains one of the most abundant mineral resources on the planet, but the coming years may see a deficit in seaborne markets for the polluting fuel.

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.

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 [...]

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.

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.

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.

After nearly two decades of research and exploration, China has successfully mined so-called “flammable ice” in what authorities qualify as a major breakthrough that may lead to a global energy revolution.

May 17 Coal exporters may be feeling more comfortable about their future as they see both reasonable demand from Asia’s top importers and prices which appear to be stabilising at levels that allow for decent profits.

The pullback in China’s imports in April of crude oil and major bulk commodities, except coal, is more of a reminder that strong gains can’t last forever than a warning that demand is waning in the world’s biggest importer of natural resources.

China’s coal imports from the seaborne market fell in April, with top exporting countries unable to fully cash in on the loss of Australian shipments in the wake of a powerful cyclone that knocked out mines and infrastructure.

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.

China’s coal consumption dropped in 2016 for a third year in a row, official data showed Tuesday, as the world’s top consumer and producer of the fossil fuel continued tightening environmental rules aimed at dealing with pollution.

China’s coal imports from North Korea eased last month after new U.N. Security Council sanctions curbing the isolated country’s sales abroad came into effect, while Russia, Mongolia, Australia and Indonesia raised shipments, data showed on Friday.

On Monday, the market for coking coal enjoyed its best day in months with the steelmaking raw material jumping 2.4% to $153.60, the lowest since early September.

China may soon reinstate coal production curbs in an effort to avoid the return of an oversupply and improve the profitability of its heavily indebted coal industry.

China’s energy regulator has ordered 11 provinces to stop more than 100 coal-fired power projects, with a combined installed capacity of more than 100 gigawatts, its latest dramatic step to curb the use of fossil fuels in the world’s top energy market.

At the end of November copper hit an 18-month high on the back of optimism about the possible impact of president-elect Donald Trump’s $500 billion-plus infrastructure plan on the metal, widely used in construction, manufacturing transportation and power industries.

Once upon a time Mongolia was happening. Mining firms from Australia, China, Russia and North America were digging up the vast country for the likes of gold and copper. People had jobs and money to spend. Then in 2014 foreign investment began to fall along with a global decline in commodity prices. China’s step back [...]

China, the world’s largest coal consumer and producer, is not giving up on its long-term plans of reducing the share of coal in its overall energy mix and consequent smog and greenhouse gas emissions.

China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country’s energy agency said on Thursday, as the world’s largest energy market continues to shift away from dirty coal power towards cleaner fuels.

China expects coal output and demand to increase by 2020 even as it aims to cut 800 million tonnes of outdated capacity as the world’s largest consumer of the fuel ramps up years-long efforts to tackle smog and make its manufacturing sector more efficient.

Гуравдугаар сард Хятадын удирдлагууд 2016-с 2020 он хүртэлх ирэх таван жилийн төлөвлөгөөний арван гуравдугаар уулзалтаа хийлээ. Үүнд эртнээс л амласан 2020 он гэхэд 2010 оны ДНБ-ыг хоёр дахин нугалсантай тэнцэх ДНБ-тэй болох зорилго багтжээ. Энэхүү 2020 оны зорилгодоо хүрэхийн тулд ДНБ-ний жилийн өсөлтийг 6.5 хувиар өсгөх хэрэгтэй. Өнгөрсөн жилийн арван их наяд доллар 2020 он [...]

Fresh UN sanctions against North Korea aimed at punishment for a nuclear test in September will be honoured by China, the reclusive regime’s most important trading and diplomatic partner.

China risks flushing down the toilet half a trillion dollars on new coal plants, which according to a study released Monday, the country doesn’t even need.

Chinese government policies are expected to support a medium-term thermal coal prices of US$73 per tonne, according to a new report from Wood Mackenzie.