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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.

Oyu Tolgoi

Mongolia says mining review won't target Oyu Tolgoi

Posted: September 20, 2012 on: business, International, Mining, Political

Mongolia's government said it plans to review all foreign mining investments, but pledged not to single out a deal with Rio Tinto to develop the huge Oyu Tolgoi copper-gold mine, in a move that could calm investor concerns over growing resource nationalism.

Centerra Gold

Centerra Gold receives approval for two Mongolian projects

Posted: September 20, 2012 on: business, International, Mining

Toronto-listed Centerra Gold on Wednesday said it had received regulatory approval for its mine plan to restart using the heap leach facility at its Boroo mine, in Mongolia.

Rio Tinto

SouthGobi Former CEO: Departure From SouthGobi ’Part of Process’

Posted: September 16, 2012 on: Mining

Altan Rio Minerals Limited, announces a private placement financing of up to 4,000,000 common share units at a price of CA$0.25 per unit for gross proceeds of up to CA$1,000,000. Each unit will consist of one common share and one-half of one common share purchase warrant.

November start for Mongolian mine

Posted: September 16, 2012 on: business, Mining, Political

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.

Oyu Tolgoi gobi land

Though Not Yet Open, a Huge Mine Is Transforming Mongolia’s Landscape

Posted: September 14, 2012 on: Environment, Mining

In the dry expanses of southern Mongolia, a handful of large blue buildings are clustered together, ringed only by a thin metal fence.

SouthGobi mines

Rio Tinto fires SouthGobi CEO

Posted: September 14, 2012 on: business, Economical, Mining

Alex Molyneux; Move an effort to improve relations with Mongolia

Oyu Tolgoi mine

Mongolian govt to seek Oyu Tolgoi copper mine talks -report

Posted: September 13, 2012 on: Mining, Political

Mongolia"s new government has given its strongest indication yet that it will seek to renegotiate a landmark deal to develop the Oyu Tolgoi project with global mining giant Rio Tinto , adding to uncertainty over one of the world"s largest copper-gold mines.

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.

Real Estate Mongolia

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