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NEWS - Mining

As the Mongolian economy relies on mining as its main source of revenue, here are all the major news concerning the development of mining in Mongolia as well as news concerning mining companies operating in Mongolia.

Alex Molyneux, former CEO of SouthGobi Resource

SouthGobi Resources fires CEO Molyneux after Chalco drops bid

Posted: September 12, 2012 on: Mining, Political

Mining giant Rio Tinto Ltd. has terminated the chief executive of SouthGobi Resources Ltd., removing one of the only remaining links to the Robert Friedland era in its Mongolian business.

Erdene resource development

Erdene unlocks value by separating into two public companies

Posted: September 12, 2012 on: business, Mining

Erdene Resource Development Corp. (TSX: ERD) has finalized plans to split its Donkin coal project and its Mongolian minerals exploration projects into two separate publically-traded companies.

Genghis Khan

Investors shrug news of fresh Mongolia bid for control of Oyu Tolgoi as Turquoise Hill climbs 15%

Posted: September 11, 2012 on: business, Economical, Mining, Political

Investors in Turquoise Hill Resources (previously Ivanhoe Mines) nearing completion of its Oyu Tolgoi project in Mongolia drove up the company's share price 15% last week, despite news that a group of the country's lawmakers wants to grab a bigger stake of the massive coper-gold mine.

Mongolia’s fear of China is understandable

Why Mongolia’s China Mining Strategy is a Mistake

Posted: September 10, 2012 on: Mining, Political

In May 2012, the Mongolian parliament passed a law requiring parliamentary approval for foreign investors to take a stake larger than 49% in enterprises in strategic sectors such as mining or for investments by state-owned enterprises

Chalco, China

Chalco – Mongolia’s angst attack

Posted: September 10, 2012 on: Mining

Mongolia was to be the "ultimate resource play". But playtime can quickly turn ugly.

Chalco Mongolia mine

Chalco – Mongolia’s angst attack

Posted: September 10, 2012 on: business, Economical, Mining

Mongolia was to be the "ultimate resource play". But playtime can quickly turn ugly. Chalco, China"s biggest aluminium producer, has abandoned its attempt to take a controlling stake in SouthGobi Resources, the owner of Mongolia"s Ovoot Tolgoi coking coal mine

Mongolia lawmakers urge talks to rework Oyu Tolgoi deal

Posted: September 9, 2012 on: Mining, Political

An influential group of Mongolian backbench lawmakers has urged Prime Minister Norov Altanhuyag to seek talks to trim mining giant Rio Tinto"s stake in the $13-billion Oyu Tolgoi copper-gold project in the country"s South Gobi region.

Oyu Tolgoi Mine

Mongolia lawmakers urge talks to rework Oyu Tolgoi deal

Posted: September 6, 2012 on: business, Economical, Mining, Political

An influential group of Mongolian backbench lawmakers has urged Prime Minister Norov Altanhuyag to seek talks to trim mining giant Rio Tinto"s stake in the $13-billion Oyu Tolgoi copper-gold project in the country"s South Gobi region.

Mine Mongolia Ninja

Around 8000 private miners are counted

Posted: September 6, 2012 on: business, Mining

n 2000 mining sector has only 13 percent in Mongolian economy, now this figure reach one fourth. But many people exploring minerals individually, which Mongolians called ninja

Copper Mine

Kincora Copper unveils further ”elevated” copper and gold at Bronze Fox

Posted: September 6, 2012 on: business, Economical, Mining

Kincora Copper announced Wednesday the remaining assay results from a hole in the West Kasulu zone at its Bronze Fox project in southeast Mongolia- which show an "extensive" copper and gold zone

Real Estate Mongolia

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