• Centerra continues Gatsuurt talks

    CENTERRA Gold is continuing discussions with the Mongolian Government regarding development of the Gatsuurt Gold Project. The company expects that the Mongolian Parliament will consider the designation of Gatsuurt as a strategic deposit by the end of 2014.

  • Turquoise Hill sells SouthGobi stake

    TURQUOISE Hill Resources has entered into a share purchase agreement to sell a 29.95% stake in SouthGobi Resources to National United Resources Holdings Ltd (NUR), a Hong Kong-based public company listed on the main board of the Stock Exchange of Hong Kong Limited. After the sale Turquoise Hill will continue to hold more than 48 million shares of SouthGobi, representing a 26% holding.

  • Erdene continues Altan Nar exploration

    ERDENE Resource Development Corp is preparing for the next exploration phase at the Altan Nar (Golden Sun) project. The program is expected to begin during the third quarter and will include delineation and exploration drilling, trenching and expanded geotechnical surveys.

  • Test work on Selenge iron ore samples

    METALLURGICAL test work has been carried out on samples from Haranga Resources Selenge Iron Ore Project. The company expected to receive initial results from this work by the end of August.

  • EBRD takes Altan Rio stake

    ALTAN Rio Minerals has closed a private placement with the European Bank for Reconstruction and Development (EBRD) for gross proceeds of $999,960. Following closing of the placement EBRD holds 18.7% of the issued and outstanding common shares of the company.

  • Chandgana power project advances

    MONGOLIA'S Ministry of Economic Development has announced a tender for Prophecy Power Generation's Chandgana Power Plant project and the Baganuur to Underkhan to Choibalsan Overhead Transmission Lines project. The company is a subsidiary of Prophecy Coal, which has prepared the project's technical and financial proposals for submission to the Ministry.

  • Xanadu reveals new Altan Tolgoi system

    RECENT drilling for Xanadu Mines has confirmed the presence of a potentially significant new mineralized tourmaline breccia system to the east of the high-grade Altan Tolgoi system. The work is being carried out on the Kharmagtai porphyry copper-gold project in which Xanadu and joint venture partner Mongol Metals are acquiring a 90% interest from Turquoise Hill Resources.

  • Viking Mines plans fundraising

    VIKING Mines plans to undertake a capital raising in September to help fund its operations with emphasis on the Berkh Uul bituminous coal project in northern Mongolia. The minimum amount is expected to complete internal Mongolian coal-focused production feasibility studies and to enable development decisions.

  • Ovoot coal for new power station

    ASPIRE Mining has entered into a non-binding Memorandum of Understanding (MoU) with New Asia Group, owner of the Zavkhan Power Station, to potentially supply oxidized coal from the Ovoot Coking Coal Project in northern Mongolia. The MoU covers a possible commitment of New Asia to annually purchase up to 250,000 tonnes.

  • First sales contract for BNU coal

    GUILDFORD Coal's Mongolian subsidiary Terra Energy has executed the first sales contract for coal produced from Baruun Noyon Uul (BNU) mine in southern Mongolia. The contract represents the first shipment of 8000 tonnes of coal from the mine to be sent for supply chain and coal wash testing.

  • Newera plans phase two drilling

    Newera ResourcesNEWERA Resources has obtained all approvals necessary to undertake a phase two drilling program within the northern sector of the Ulaan Tolgoi licence in the South Gobi basin of southern Mongolia. The northern sector of the licence was recently covered by a ground magnetics (GM) survey, resulting in the interpreted identification of two substantial sedimentary sub-basins.

  • MMC enters coal trading joint venture

    THE wholly-owned subsidiary of Mongolian Mining Corporation (MMC), Mongolian Coal Corporation Limited (MCCL), has entered into a joint venture agreement with Risun Mining Co, a subsidiary company of the Risun Group. MCCL and Risun will establish a joint venture company named Tianjin Zhengcheng Import and Export Trade Co in the Tianjin Airport Economic Zone in China for the joint transportation, sale and distribution of coal products produced by MMC.

  • Tian Poh lodges IPO prospectus

    Tian Poh Resources coal, gold and copper prospects are all in southern Mongolia, not far from the border with China.MONGOLIA-focused resources company, Tian Poh Resources Ltd has lodged a prospectus with the Australian Securities & Investment Commission (ASIC) for the initial public offering (IPO) of its shares, ahead of a planned listing on the Australian Securities Exchange (ASX). A successful IPO will enable the company to fast-track development of the Huabei Kuangye Coal Project in southern Mongolia.

  • Positive study for Mandal Moly project

    The core yard at the Mandal Moly project after an extensive diamond drilling program.ORIGO Partners has announced the results of a scoping study on the Mandal Moly molybdenum and tungsten project in northwest Mongolia which is wholly-owned by its portfolio company Moly World. The study has identified the potential for an initial small-scale open pit operation that could be brought into production for an investment of US$43.6 million, including working capital.

  • Production at OT returns to normal

    The exploration camp at the Mandal Moly project of Moly World.CONCENTRATE production for the second quarter at Turquoise Hill Resources' Oyu Tolgoi Copper-Gold Project (OT) returned to normal rates after recovering from thickener rake repairs. Copper concentrate increased from 1.029 million tonnes to 1.4 million tonnes and the average grade was 25.8% copper, up from 24.6%.

  • OT signs power agreement

    Mining operations in the open pit at Oyu Tolgoi Copper-Gold Project in southern Mongolia (Copyright © 2014 Oyu Tolgoi).

    OYU Tolgoi recently signed a Power Sector Cooperation Agreement (PSCA) with the Government of Mongolia for investigation into establishment of a Tavan Tolgoi-based independent power producer, according to Turquoise Hill Resources. The agreement provides a pathway to strengthening the power supply network in Mongolia and providing the Oyu Tolgoi gold and copper mine with domestic power rather than power from China.

  • MONGOLIA - Erdene private placement

    Erdene Resource Development Corp intends to issue, by way of a non-brokered private placement, up to 11.5 million units for gross proceeds of up to $1.61 million.

  • MONGOLIA – Northern Rail Line on concession list

    Aspire Mining advises that the Erdenet to Ovoot section of the Northern Rail Line has been included on the Mongolian Government Concession List. This is a list of approved for development projects that are now available for a concession agreement with private interests to provide funding.

  • MONGOLIA - Turquoise Hill receives repayment

    Turquoise Hill Resources has received repayment for its US$115 million Mongolian Treasury Bill, which matured on October 19. The company has also released its third quarter Oyu Tolgoi project production statistics which show that metals production was in line with the previous quarter.

  • Positive study for Mandal Moly project

    ORIGO Partners has announced the results of a scoping study on the Mandal Moly molybdenum and tungsten project in northwest Mongolia which is wholly-owned by its portfolio company Moly World. The study has identified the potential for an initial small-scale open pit operation that could be brought into production for an investment of US$43.6 million, including working capital.

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