CENTERRA Gold has submitted a non-technical summary (NTS) for the Gatsuurt Gold Project. The NTS was submitted in May and provides a summary of the key environmental and social risks and impacts, and the management measures that Centerra will implement.
TERRACOM’S Mongolian subsidiary Terra Energy LLC has implemented a new supply chain between its Baruun Noyon Uul (BNU) coking coal mine in the South Gobi and end users in China. The chain includes a different wash plant and new haulage contractors.
AN initial resource report for the Nuurstei Coking Coal Project in northern Mongolia has estimated that it contains 12.85 million tonnes of coal with 4.7 million tonnes in the indicated category and the remainder in the inferred category. Nuurstei is 90% owned by the Ekhgoviin Chuluu Joint Venture (ECJV) between Aspire Mining and Noble Group.
DURING difficult times for the global iron ore industry Haranga Resources is focused on completion of compliance activities required by Mongolian mineral laws and regulations for its Selenge Iron Ore Project in the country’s north. The company is also considering the options available to it in regards to the project.
AN expansion of processing facilities at Erdenet Mining Corporation’s copper-molybdenum project in northern Mongolia has resulted in annual ore production increasing by six million tonnes to 32 million tonnes. The expansion was opened in May 2015 with commissioning completed by the end of the year.
TIAN Poh Resources is on track to complete a pre-feasibility study for its coal to gas project and gas pipeline network project around July this year. Initial findings are positive and the company expects to be able to progress development of the project.
SIGNIFICANT results have been received from follow-up drilling on the high-grade discovery at Erdene Resource Development Corp’s Bayan Khundii Gold Project in southwest Mongolia. The company expects to follow up the results with more detailed drilling during the September quarter.
AN agreement by Kincora Copper to merge its subsidiaries with Ibex Land Mongolia LLC and Ibex Mongolia LLC has resulted in the consolidation of more than 1500sqkm of land in the South Gobi copper-gold belt of Mongolia. The Ibex entities are indirectly controlled by High Power Exploration (HPX), whose proprietary Typhoon technology will be available to support Kincora with its exploration.
DIAMOND drilling at Xanadu Mines’ Oyut Ulaan Copper-Gold Project in Dornogovi province of southern Mongolia has intersected significant high-grade near-surface gold mineralisation. Best results to date are 6.0 metres from surface at 21.57 grams/tonne (g/t) gold and 6.3 metres from 15 metres at 6.67 g/t.
THE notice of approval for underground development at Oyu Tolgoi is an historic milestone and a significant achievement toward realizing OT’s full value, according to Turquoise Hill Resources’ CEO Jeff Tygesen. “Oyu Tolgoi is the best copper opportunity in development today and an excellent growth project for our shareholders, Mongolia and Oyu Tolgoi’s workforce.”
OYU Tolgoi LLC has signed a contract with Jacobs Engineering Group to provide EPCM services for underground development, which paves the way for construction of stage two of the Oyu Tolgoi (OT) Copper-Gold Project to begin. Jacobs will be responsible for the materials handling systems for the underground mine and associated surface and underground infrastructure.
Haranga Resources has signed a Binding Terms Sheet with Sanjiv Noronha for an unsecured finance facility of A$200,000. The funds will primarily be used to satisfy Mongolian exploration and mining licence commitments.
A broad-spaced reconnaissance diamond drilling program has been completed at Xanadu Mines’ Oyut Ulaan Copper-Gold Project in southern Mongolia. The drilling has confirmed the presence of multiple zones of high-grade mineralisation below previous surface trenching.
Aspire Mining has welcomed the signing of a trilateral agreement between China, Russia and Mongolia that establishes a number of trade and cooperation initiatives between the trio, including a new rail corridor between Russia and China through Mongolia.
Xanadu Mines will use the bulk of A$12.17 million raised in a placement to advance its copper/gold prospects in southern Mongolia. There was strong support from existing institutional and sophisticated investors.
Drilling at Erdene Resource Development Corp’s Bayan Khundii Gold Project in southwest Mongolia continues to intersect near-surface, high-grade gold. The best result from the latest assays is 8.3 metres from surface @ 14.3 grams/tonne /g/t) gold.
KINCORA Copper has secured a new 3955 hectare licence that is associated with an outcropping copper-gold porphyry system. The Ulaan Khudag (Red Well) licence is as close as 15km along trend from the Oyu Tolgoi project in southern Mongolia.
A high level review of mining costs for Aspire Mining’s Ovoot Coking Coal Project in northern Mongolia has resulted in a 22% decrease in mine operating cost estimates.
NORTHERN Railways LLC has received its construction licence from the Mongolian Government for the Erdenet to Ovoot Railway. This is a precondition for start of negotiations with the government for granting of a long-term lease over the land on which the line will be built.
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