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Khan Files First Quarter 2016 Financial Results
Khan Resources Inc. (CSE:KRI) (“Khan” or “the Company”) announced today that it has filed its financial statements and management’s discussion and analysis for the three months ended December 31, 2015 on SEDAR and has posted these documents to its website www.khanresources.com.
Denison Receives US$1.25 Million in Initial Payments on Closing of the Sale of Mongolian Interests
Denison Mines Corp. (“Denison” or the “Company”) (DML.TO)(NYSE MKT:DNN) is pleased to announce the receipt of US$1,250,000 in initial payments from Uranium Industry a.s. (“Uranium Industry”), of the Czech Republic, and the closing of the sale of its interest in the Gurvan Saihan joint venture (“GSJV”), pursuant to an amended and restated share purchase agreement [...]
Class War: Filthy Rich v. Dirt Poor in Mongolia
Last year, Mongolia topped many people’s bucket lists, and slowly but surely tourists have been streaming into the land of Genghis Khan — but upon arrival in the capital, Ulaanbaatar, many are shocked. In a city of 1.3 million, over 60 percent live in utter poverty in the ger (tent) districts, some of which are [...]
Why Hong Kong Protesters are Using Firechat for Peer-to-Peer Communications on Their Mobiles
Protesters in Hong Kong are using WhatsApp, Twitter and any number of messaging and social media services to communicate and coordinate their activities as tensions with local Chinese authorities intensify. But one app in particular is getting more attention than usual: FireChat.
Rio Tinto says talks with Mongolia ongoing, productive
Rio Tinto Plc (LSE: RIO.L – news) is having productive talks with the Mongolian government over the investment agreement for its Oyu Tolgoi project in the Central Asian nation, the chief executive of the global miner’s copper division said on Tuesday.
C@ to acquire coal prospects in Mongolia
C@ has announced a deal to transform it from a listed shell company to a Mongolia-focused coal explorer. The company announced today it would acquire eight coal licenses in Mongolia’s Ovorhangay and South Gobi provinces from US coal giant Peabody Energy for $US7.8 million.
Rio Tinto takes bigger stake in Ivanhoe Mines, will manage Oyu Tolgoi project
Rio Tinto ( NYSE :RIO) and Ivanhoe Mines have called a truce, which will result in the international mining giant providing billions of dollars in financing and assuming management of Ivanhoe’s Oyu Tolgoi copper-gold project in Mongolia. The mining companies had been in a fight over Ivanhoe’s institution of a so-called “poison pill” plan to [...]
SouthGobi Resources Provides Operational Update; Coal Quality Review
Alexander Molyneux, President and CEO of SouthGobi Resources Ltd. (TSX: SGQ.TO)(SEHK:1878) (the “Company” or “SouthGobi”), today announced a broad operational update. Highlights from operational update: – Higher sulphur observed to date is primarily due to near-surface factors and as the Ovoot Tolgoi open-pit deepens the sulphur levels are expected to drop. – Secondary coal processing [...]
Rio Tinto hikes stake in Mongolian mine project
Anglo-Australian miner Rio Tinto said on Monday it would acquire another 5.3 percent of Canada’s Ivanhoe Mines as part of its investment in a landmark copper-gold project in Mongolia. The deal, worth some 400 million dollars (315 million euros), takes Rio Tinto’s stake in Ivanhoe Mines to 34.9 percent and was based on the conversion [...]
Ivanhoe shares surge following move to attract new strategic investors
Shares in Ivanhoe Mines Ltd. surged more than 14 per cent Tuesday after the company said it will lift restrictions on its ability to issue shares to strategic investors, further straining relations with its biggest shareholder. The Vancouver-based company announced it has given the requisite 60 days advance notice of its intentions to Rio Tinto, [...]