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Erdene Discovers Bonanza Grade Gold in Southwest Mongolia
Erdene Resource Development Corp. (ERD) (“Erdene” or “Company”) is pleased to announce a significant discovery of a high-grade gold prospect, Bayan Khundii (Rich Valley), on its 100%-owned Khundii exploration license in southwest Mongolia, located 15 km south of the Company’s Altan Nar gold project.
Prophecy Provides Updates on its Chandgana Power Plant and Ulaan Ovoo Mining Project in Mongolia
Prophecy Development Corp. (“Prophecy”) (PCY)(otcqx:PRPCF)(frankfurt:1P2) is pleased to announce further to its press release dated March 16, 2015, the following updates on its projects in Mongolia:
Turquoise Hill Announces Financial Results and Review of Operations for the Second Quarter of 2015
Turquoise Hill Resources today announced its financial results for the quarter ended June 30, 2015. All figures are in US dollars unless otherwise stated.
SouthGobi Announces Progress on its Funding Plan, an Extension of the TSX Delisting Review to Permit Completion of the Proposed Private Placements, and the Revised Timing for its 2015 AGM
SouthGobi Resources Ltd. (SGQ)(1878) (“SouthGobi” or the “Company”) announces progress on its funding plan (the “Funding Plan”) to meet the Company’s obligations as they fall due and continue to achieve its business objectives. The Company also announces the extension of the Toronto Stock Exchange (“TSX”) delisting review to permit completion of the proposed private placements [...]
Prophecy Reports Progress on Chandgana Mine Mouth Power Plant Project in Mongolia
Prophecy Development Corp. (“Prophecy”) (PCY)(otcqx:PRPCF)(frankfurt:1P2) is pleased to announce the following update on its flagship Chandgana Mine Mouth Power Plant Project in central Mongolia.
Mongolia Growth Group Announces Grand Opening Of Tuguldur Center
Mongolia Growth Group Announces Grand Opening Of Tuguldur Center Toronto, Ontario (FSCwire) – Mongolia Growth Group Ltd. (YAK [] TSXV and MNGGF – USA) (MGG) or (the Company) a commercial real estate investment and development company participating in the dynamic growth of the Mongolian economy is proud to announce that the Tuguldur Center had its [...]
Kincora Copper: Positive Milestone Achieved for 106-License Dispute
Kincora Copper Limited (the “Company”, “Kincora”) (KCC) is pleased to announce that it has agreed with MRAM costs relating to the former licenses held by its wholly owned Golden Grouse subsidiary that were revoked as part of the 106-license dispute. These direct costs will form a “threshold price”, the starting point for the competitive tender [...]
Prophecy Coal Announces Approval for the General Development of the Mongolian-Russian Zeltura Border Port
Prophecy Coal Corp. (“Prophecy” or the “Company”) (PCY) (otcqx:PRPCF) (frankfurt:1P2) is pleased to announce the approval of the Company’s General Development Plan (the “GDP”) for the Zeltura border port in Selenge province, Mongolia.
Khan Files Fiscal Year End 2013 Financial Results
TORONTO, ONTARIO, Jan 15, 2014 (Marketwired via COMTEX) — Khan Resources Inc. (cnsx:KRI) (” Khan” or “the Company”) announced today that it has filed its financial statements and management discussion and analysis for the year ended September 30, 2013 on Sedar and has posted these documents to its website www.khanresources.com .
Mongolia Growth Group Ltd. Announces the Sale of Mandal General Daatgal LLC
Ulaanbaatar, MONGOLIA, Nov 25, 2013 (Filing Services Canada via COMTEX) — Mongolia Growth Group Ltd. (YAK – TSX Venture),(“MGG” or “the Company”) is pleased to announce that UMC Capital LLC (“UMC Capital”) has agreed to purchase 100% of Mandal General Daatgal LLC (“Mandal”), subject to the approval of the TSX Venture Exchange, the Financial Regulatory [...]
Khan Update on International Arbitration
Khan Resources Inc. (cnsx:KRI) (“Khan” or the “Company”) is pleased to announce that the hearing by an International Arbitration Tribunal slated for November 11 through November 15, 2013 was completed as scheduled. Arguments were heard by the Tribunal from Khan and from the Government of Mongolia on the merits of the case and the damages [...]
Prophecy Coal Resumes Operations at the Ulaan Ovoo Coal Mine
Prophecy Coal Corp. (“Prophecy” or the “Company”) CA:PCY +16.67% (otcqx:PRPCF)(frankfurt:1P2) is pleased to announce that the Company has resumed mining operations at its Ulaan Ovoo (100% interest) coal mine in Mongolia. The mine restart plan has been on time and on budget.
Erdene Commences Exploration Program at Altan Nar Gold Project
Erdene Resource Development Corp. CA:ERD -6.25% (“Erdene” or “Company”), is pleased to announce that it has commenced an exploration program at its wholly owned Altan Nar gold-polymetallic project in southwest Mongolia to further define the near-surface mineralization identified to date and prioritize new areas for the next phase of resource drilling. The Company is also [...]
Turquoise Hill Resources Announces Short-Term Bridge Funding Agreement with Rio Tinto and Provides Oyu Tolgoi Update
Turquoise Hill Resources CA:TRQ +5.23% TRQ +4.59% TRQ +4.59% today announced that it has entered into an agreement with majority shareholder Rio Tinto for a non-revolving bridge facility for up to US$225 million (the “Bridge Facility”) maturing on August 12, 2013. Advances made under the Bridge Facility will be used by Turquoise Hill to fund [...]
Rio Tinto’s Oyu Tolgoi project 94% complete
MELBOURNE–Rio Tinto PLC’s RIO -2.92% massive Oyu Tolgoi copper and gold project in Mongolia is nearing completion and remains on track for commercial production next year, with the cost for the first phase of development expected to come in as expected at US$6.2 billion, the mining company’s Turquoise Hill Resources Ltd. subsidiary said Wednesday.
Round Table Pizza is First to Expand into Mongolia with Ten Restaurant Development Agreement
Round Table Pizza, an American pizza restaurant icon known for gourmet quality and fresh innovation, announced the signing of an exclusive agreement with Mongolia International Food Holding to develop 10 restaurants in Mongolia. Round Table Pizza’s entrance into Mongolia is a first for any major restaurant franchisor and reflects the growing importance of Mongolia in [...]
Prophecy Secures $10 Million Loan to Acquire Tugalgatai Coal Licenses, Mongolia
Prophecy Coal Corp. (“Prophecy” or the “Company”) CA:PCY -2.50% (otcqx:PRPCF)(frankfurt:1P2) has arranged a $10 million secured debt facility (the “Loan”) with Waterton Global Value, L.P. (“Waterton Global”). The funds will be used to complete the purchase of the Tugalgatai, Mongolia coal licenses on which a large coal resource is known to exist as described in [...]
SouthGobi Resources Announces Notice of Investment Dispute Filed Against Mongolian Government
SouthGobi Resources Ltd. CA:SGQ -4.27% HK:1878 -4.47% (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly owned subsidiary of SouthGobi that owns the Company’s Mongolian operating subsidiary SouthGobi Sands LLC (“SGS”), has filed a Notice of Investment Dispute on the Mongolian Government pursuant to the Bilateral Investment Treaty (“BIT”) between Singapore and Mongolia. [...]
SouthGobi Resources Provides Operating Update
SouthGobi Resources Ltd. CA:SGQ +0.19% (hk:1878) (“SouthGobi”) operations continue to be effected by a number of external factors including regulatory issues in Mongolia and deteriorating market conditions.
Meritus Secures Financing for Gutain Davaa Development
Vancouver, B.C.: Meritus Minerals Ltd (TSX-V—MER) is pleased to announce that it has executed an option agreement with two Mongolian companies that provides finance for the development of the high grade Gutain Davaa gold project in Mongolia.
Prophecy Coal Signs Ulaan Ovoo Coal Offtake Agreement with Direct Reduced Iron Manufacturing Plant in Mongolia
Prophecy Coal Corp. (“Prophecy” or the “Company”) CA:PCY +6.25% (otcqx:PRPCF)(frankfurt:1P2) is pleased to announce that it has entered into a coal sales contract with a local Mongolian direct reduced iron (DRI) manufacturing plant (the “Buyer”), for the sale of 22,100 tonnes of thermal coal from the Company’s Ulaan Ovoo mine.
Ivanhoe Mines Announces Financial Results and Review of Operations for the First Quarter of 2012
Ivanhoe Mines CA:IVN -4.79% IVN -5.88% IVN -5.88% today announced its financial results for the quarter ended March 31, 2012. All figures are in US dollars unless otherwise stated.
Prophecy Coal’s Ulaan Ovoo mine now the largest supplier of coal to Mongolian power plants
Prophecy Coal Corp. (“Prophecy” or the “Company”) CA:PCY -1.54% (otcqx:PRPCF)(frankfurt:1P2) is pleased to provide the following update on its open pit coal operation at its Ulaan Ovoo mine in Mongolia.
Strategy Analytics Index of Developing Country Investment Potential: Mongolia Edges Out China
High Rates of Literacy, Urbanization and Technology Adoption Push Mongolia to #13 on the Digital Investment Attractiveness Index
Ex-Im Bank, Development Bank of Mongolia Sign MOU to Facilitate Trade Partnership Between Countries
The Export-Import Bank of the United States (Ex-Im Bank) and the Development Bank of Mongolia (DBM) today signed a memorandum of understanding (MOU) to facilitate trade opportunities between the United States and Mongolia.
Ivanhoe Mines Board of Directors Appoints New Chief Executive Officer and Chief Financial Officer
Ivanhoe Mines CA:IVN -1.56% IVN -1.88% IVN -1.88% announced today that the company’s Board of Directors has appointed Kay Priestly as Chief Executive Officer and Chris Bateman as Chief Financial Officer.
Chalco and Ivanhoe Mines Note Status Of SouthGobi Resources
Aluminum Corporation of China Limited (“Chalco”) and Ivanhoe Mines Ltd. CA:IVN -2.84% IVN -2.63% IVN -2.63% (“Ivanhoe”) make reference to the announcement made by SouthGobi Resources Ltd. (“SouthGobi”) on 16 April, 2012 regarding an announcement in a press conference by the Mineral Resources Authority of Mongolia (“MRAM”) of a proposed request to suspend exploration and [...]
Mongolian National Lottery Rolls-out Popular 4D Game and Signs Major Distribution Deal with Grab and Go
Mongolian National Lottery, owned by BizINVIN LLC and operated by Modern Capital Vest LLC, subsidiaries of Singapore-based Monvest Group Pte. Ltd., rolled-out a 4D lottery game in April. In addition, Monvest announced a landmark distribution deal with fast food chain Grab and Go to install 22 lottery terminals to push the number of MNL sales [...]
Khan Announces Private Placement of Shares
Khan Resources Inc. CA:KRI +10.00% (“Khan” or the “Company”) is pleased to announce that it intends to raise up to CDN$2.312 million in a non-brokered private placement by issuing up to 13,600,000 common shares of the Company at a price of $0.17 per common share. A lead order for the offering has been placed by [...]