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.
Mongolia should seek to raise its stake in the giant Oyu Tolgoi copper and gold project, the country's new mining minister said, adding weight to concerns among foreign investors about rising resource nationalism following a June election.
Aspire Mining (ASX: AKM) has already defined the second largest coking coal Reserve in Mongolia, intersecting coal during drilling outside the existing Resource at its Ovoot Coking Coal Project in Mongolia could increase the size.
Mongolia-focused coal miner SouthGobi Resources recorded spiralling profit during the second quarter, after the Mongolian government suspended its mining licence following an April takeover bid by Chinese aluminium firm Chalco.
Kincora Copper has announced the partial results of the qualitative and quantitative analysis from the Hole BF62 located in the West Kasulu zone at Bronze Fox and from the license Tourmaline Hills in Southwest Mongolia.
Mongolian Mining Corp. (0975.HK), Mongolia"s top coal producer by volume, has cut its 2013-14 overall output target by over 13% due coking and thermal coal price differentials, logistical issues and weaker demand, Chief Executive Battsengel Gotov told Dow Jones Newswires.
Norov Altanhuyag of the Democratic Party (DP) was confirmed as Mongolia’s new prime minister on Friday, ending weeks of political uncertainty after the party failed to win enough seats in a June election to form a government on its own.
Erdene Resource Development Corp announced that it has entered into a definitive agreement with Advanced Primary Minerals Corporation to exchange all of Erdene's North American property interests, comprised primarily of Erdene's interest in the Donkin Coal Project in Cape Breton, Nova Scotia, for shares of APM.