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Centerra Gold Q3 production dwindles, again lowers guidance

[Нийтэлсэн: 09.11.2012] [Эх сурвалж: ]

Canadian-miner Centerra Gold had reported a sharp decline in third-quarter gold production, as a seven-week shutdown of the mill at the company’s Kumtor mine, in Kyrgyzstan, and lower grades processed impacted on the company’s production.

Prophecy Coal reports results of PEA for Mongolian coal project

[Нийтэлсэн: 05.11.2012] [Эх сурвалж: ]

TSX-listed Prophecy Coal on Friday said a preliminary economic assessment (PEA) for its two Chandgana Tal mining licenses, in central Mongolia, contain an estimated 124-million tons of coal in the measured resources category, providing for a potentially economically viable project.

Conversion of coal and petroleum coke the focus at World CTL 2012 Summit

[Нийтэлсэн: 26.10.2012] [Эх сурвалж: ]

The World CTL 2012 India Summit will highlight India’s active project development in coal and petroleum coke (petcoke) conversion to high-value fuels and chemicals, World CTL president Serge Périneau tells Mining Weekly.

Untouched mineral deposits, unabated resources demand driving investment

[Нийтэлсэн: 28.09.2012] [Эх сурвалж: ]

The large North Asian economies of China, Korea and Japan have already established a record of making signifi- cant outbound investments in the mining industry, says financial adviser and consultant company Deloitte.

Coal, iron-ore crunch boosts stake sales in Asia mines

[Нийтэлсэн: 24.09.2012] [Эх сурвалж: ]

A shake-out from sliding iron-ore and coal prices has touched off a spate of asset sales as tough times spread from Australia to Indonesia and could boost deal activity in what has been a lean year in the mining sector.

November start for Mongolian mine

[Нийтэлсэн: 13.09.2012] [Эх сурвалж: ]

ASX-listed Guildford Coal was expecting coal production from its Mongolian operation to start in November this year, after its 75%-held subsidiary Terra Energy said that mining would start in the September quarter.

Ivanhoe morphs into Turquoise Hill Resources

[Нийтэлсэн: 03.08.2012] [Эх сурвалж: ]

Canada-based Ivanhoe Mines on Thursday changed its name to Turquoise Hill Resources, as part of a financing deal with Rio Tinto to see the $6.2-billion Oyu Tolgoi copper/gold project in Mongolia through to the start of commercial production by 2013.

Tribunal rules in favour of Mongolian uranium developer

[Нийтэлсэн: 27.07.2012] [Эх сурвалж: ]

The United Nations (UN) tribunal has ruled in favour of uranium explorer Khan Resources in a $200-million arbitration case against the government of Mongolia, the TSX-listed company said on Thursday.

Ivanhoe completes $1.8bn rights offering

[Нийтэлсэн: 23.07.2012] [Эх сурвалж: ]

New York- and Toronto-listed Ivanhoe Mines on Friday said it had successfully completed its $1.8-billion rights offering, which expired on July 19.

Mongolia seeks mining advice in WA

[Нийтэлсэн: 28.06.2012] [Эх сурвалж: ]

Western Australia’s training providers were assisting a Mongolian delegation in government-industry relations to help meet the country’s demand for trained miners.

Prophecy Coal consolidates Mongolian coal resource

[Нийтэлсэн: 20.06.2012] [Эх сурвалж: ]

Toronto-listed Prophecy Coal on Monday said it would expand its coal resources in Mongolia by acquiring certain assets next to its Chandgana licences from privately held Tethys Mining.

What’s in a name? Rio Tinto gives Ivanhoe the blues

[Нийтэлсэн: 16.05.2012] [Эх сурвалж: ]

MELBOURNE – If ever there was any doubt about what Rio Tinto was really after in its pursuit of Canadian miner Ivanhoe Mines, the answer just became crystal clear.

Xanadu buys new copper/gold project in Mongolia

[Нийтэлсэн: 11.05.2012] [Эх сурвалж: ]

ASX-listed Xanadu Mines has reached an agreement with private Canadian miner Temujin Mining Corporation to acquire the Oyut Ulaan copper/gold project, in Mongolia.

Rio Tinto execs take up CEO, CFO seats at Ivanhoe

[Нийтэлсэн: 03.05.2012] [Эх сурвалж: ]

Two weeks after having named Kay Priestly as acting CEO, Ivanhoe Mines, building the $6.2-billion Oyu Tolgoi copper/gold project in Mongolia, late on Tuesday cemented the former Rio Tinto executive’s role as a permanent one.

Copper market to remain in deficit this year – GFMS survey

[Нийтэлсэн: 18.04.2012] [Эх сурвалж: ]

Copper supply would remain tight during 2012, despite the expectation of slightly higher production levels, consultancy Thomson Reuters GFMS said on Tuesday.

Miners to face tough questions over costly projects

[Нийтэлсэн: 13.04.2012] [Эх сурвалж: ]

Rio Tinto and other big miners preparing to meet shareholders over the coming weeks will face tough questions over ever larger and more capital intensive projects at a time when robust commodity prices have cooled.

Coking coal demand seen at 115 Mt/y by 2015 as Asian consumption rises

[Нийтэлсэн: 28.03.2012] [Эх сурвалж: ]

Demand for coking coal will have increased by 115-million tons a year by 2015 as a result of increased consumption from Asia, predicts consulting engineering and project management company Hatch Africa director for coal Gerrit Lok.

Xstrata Copper CEO sees strong demand, tight market

[Нийтэлсэн: 27.03.2012] [Эх сурвалж: ]

Strong global copper demand and difficulties in bringing new mines on line will keep the red metal market tight, the head of Xstrata Copper, the world’s fourth-largest copper miner, told a Chilean paper’s Monday edition.

China mine hunt turns to Africa, S America, Asia

[Нийтэлсэн: 25.03.2012] [Эх сурвалж: ]

Chinese firms are on the prowl for mining investments in Africa, South America and central Asia as they look to feed ever expanding domestic demand for key commodities, but are switching away from Australia and Canada, which are getting too expensive.

SouthGobi Resources loss narrows on higher coal prices

[Нийтэлсэн: 20.03.2012] [Эх сурвалж: ]

SouthGobi Resources Ltd posted a narrower fourth-quarter loss helped by a rise in average realized prices, and the Canadian coal miner forecast strong demand due to its mines’ proximity to China.

Copper steadies, focus on Chinese demand

[Нийтэлсэн: 04.03.2012] [Эх сурвалж: ]

LONDON – Copper prices steadied on Friday, after rising more than 1% in the previous session following reassuring manufacturing data from China, but continued concerns about slow demand from the metal’s top consumer prevented further gains.

COPPER TAKES ON SUPERBUGS

[Нийтэлсэн: 18.02.2012] [Эх сурвалж: ]

Ivanhoe Mines chairperson and CEO Robert Friedland told the Investing in African Mining Indaba, in Cape Town, that copper had the potential to lower the risk of infection from multiple drug-resistant bacteria by 40% and that copper surfaces reduced surface pathogens by 97%. With seven-million infections a year in healthcare facilities costing $80-billion, Friedland forecast [...]

Fear not the ‘Glenstrata’ giant, say coal customers

[Нийтэлсэн: 09.02.2012] [Эх сурвалж: ]

Big coal buyers should not fear the merger of miner Xstrata and trader Glencore into a dominant trading force, say customers who already rely on the two for supplies of coking coal for steel and thermal for power generation.

Global copper demand to grow 1.2% this year

[Нийтэлсэн: 07.02.2012] [Эх сурвалж: ]

China remains the key global growth driver for copper, but demand growth from the Asian giant is expected to slow this year, Standard Bank head of commodities research Walter de Wet said this week.

For Rio Tinto, C$302m gets majority ownership in Ivanhoe

[Нийтэлсэн: 25.01.2012] [Эх сурвалж: ]

London-based Rio Tinto wasted little time in lifting its Ivanhoe Mines stake to a 51% majority one on Tuesday, less than a week after an agreement that prevented it from doing so expired.

China launches its first physical iron-ore trading platform

[Нийтэлсэн: 16.01.2012] [Эх сурвалж: ]

BEIJING – China launched its first physical iron ore trading platform on Monday in the latest move by the world’s biggest iron-ore consumer to strengthen its pricing power over a raw material long dominated by giant foreign suppliers.

Mongolia coal mine drops HK from IPO for now-sources

[Нийтэлсэн: 13.01.2012] [Эх сурвалж: ]

Erdenes Tavan Tolgoi, the state-owned entity charged with developing the giant Tavan Tolgoi coal mine in Mongolia, has decided to drop for now Hong Kong as a venue for its up to $3-billion initial public offering, three sources with direct knowledge of the plans told Reuters on Friday.

Iron ore fall raises doubts on Australia mine tax plan

[Нийтэлсэн: 05.01.2012] [Эх сурвалж: ]

Australia’s politically charged mining profits tax could raise less of the initial A$11 billion Prime Minister Julia Gillard is promising if iron ore prices return to November levels, accountants BDO warned in a senate submission.

China copper smelters, BHP set 2012 copper contracts at $60/6 cents

[Нийтэлсэн: 05.01.2012] [Эх сурвалж: ]

China’s copper smelters and global miner BHP Billiton have settled 2012 term copper concentrate treatment and refining charges at $60 a tonne and 6 US cents a pound, trade and smelter sources said on Wednesday.

China iron-ore prices set for 20% decline in 2011

[Нийтэлсэн: 31.12.2011] [Эх сурвалж: ]

Iron ore prices in China, the world’s biggest market, are headed for a 20 percent decline this year because of a government-mandated credit crunch as well as uncertainties about steel demand at home and overseas, and few analysts see them recovering soon.



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