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Business Consulting, Logistics, Technology Service & Project Development in Mongolia

XANADU REPORT HIGH-GRADE COPPER ZONES, NEW PORPHYRY CENTER

10/01/2015  |  mining
Xanadu Mines Ltd.on 22 December provided results to its supplementary drill program at the Kharmagtai copper-gold project consistent with a large copper-gold system with a multiple near-surface, gold-rich centers including Altan Tolgoi, Zesen Uul and Tsagaan Sudal. It also reported plans for a AUD 13.6 millio ...
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IFC EXPRESSES READINESS TO FINANCE SECOND PHASE OF OT

10/01/2015  |  mining
The World Bank's lending arm, the International Finance Corp. (IFC), has pledged to maintain its financing commitment for a USD 4 billion financing package for the Oyu Tolgoi copper mine. The IFC is one of a group of bank lending for the package, which would be used by the mine to pay for a USD 5 billion unde ...
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TURQUOISE HILL LOWERS 2015 FORECAST ON MONGOLIAN PRODUCTION

10/01/2015  |  mining
Rio Tinto-controlled Turquoise Hill Resources announced on 21 December that despite a concentrator fire at its massive Oyu Tolgoi mine in Mongolia earlier this month, the copper-gold operation was on track to meet its expected full-year output. Turquoise Hill, which owns 66 percent of Oyu Tolgoi with the rema ...
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TT NEGOTIATIONS WITH INVESTORS LAUNCH

10/01/2015  |  mining
Negotiations between the government working group responsible for brokering a deal with investors that aim to take control of the deposits owned by Erdenes Tavan Tolgoi LLC began on 5 January. The investors are China Shenhua Energy, Sumitomo Corporation, and Energy Resource LLC. A deadline for negotiations to ...
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TURQUOISE HILL FILES 2014 OYU TOLGOI TECHNICAL REPORT

03/11/2014  |  mining
Turquoise Hill Resources on 28 October filed an updated compliant independently-prepared technical report for the Oyu Tolgoi copper mine. Prepared by OreWin Pty Ltd, the 2014 Oyu Tolgoi Technical Report (2014 OTTR) updates the Oyu Tolgoi Technical Report dated 25 March 2013. On 22 September 2014, Turquoise Hi ...
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CHINESE EXPLORER STRIKES OIL AT KHANBOGD

24/10/2014  |  mining
The Chinese oil explorer Zon Hen Yu Tian has struck oil at the Galba 11 oil exploration site at Khanbogd Soum, Umnugovi Aimag. Galba 11 is one of 22 licensed projects tendered in 1992. Four foreign companies have exploration operations throughout the region, but their licenses are due to expire next month. Zo ...
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ASPIRE MINING CONFIRMS COAL CONTINUITY ALONG 1.2KM STRIKE AT NUURSTEI

24/10/2014  |  mining
Aspire Mining Ltd. and Noble Group have determined seam continuity over a 1.2-kilometer strike at their Nuurstei coking coal project in northern Mongolia after intersecting coal in 11 additional holes. Shares in the company should trade higher after the company intersected near-surface coal in multiple seam p ...
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