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

SHARYN GOL COMMISSIONS COAL WASHING PLANT

10/01/2015  |  infrastructure
The locally listed company Sharyn Gol plans expects to operate a coal washing factory this season. The factory is able to wash 600,000 tons of coal a year from a coal deposit using equipment from Britain's Barnaby Cyclones International. The European Bank for Reconstruction and Developed (EBRD) provided MNT 6 ...
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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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MONGOLIA SEEKS UNLIMITED MEAT EXPORTS TO CHINA

10/01/2015  |  economy
Mongolia's Food and Agriculture Minister has proposed an unlimited quota for the export of meats to China. The Minister of Food and Agriculture R. Burmaa on 7 January met with Chinese Ambassador Wang Xiaolong to seek support for the proposal to export agricultural products. She also proposed that the Chinese ...
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ADB LOAN TO HELP MONGOLIA OVERHAUL TVET TO DEVELOP SKILLED WORKFORCE

10/01/2015  |  economy
The Asian Development Bank (ADB) has approved a concessional loan of USD 25 million to help Mongolia promote jobs through an overhaul of its technical and vocational education and training (TVET) system in agriculture, construction, and road and transportation. “Employers in these priority sectors face ...
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GOVERNMENT TO LICENSE UP TO 20.94 MILLION HECTARES FOR MINERALS EXPLORATION

10/01/2015  |  economy
Mongolia is set to have up to 20.94 million hectares of land under license for the exploration of minerals such as gold, coal and iron ore. Additionally, officials will review the licenses of 10.15 million hectares, include 6.2 million hectares with active licenses, 2.32 million hectares with expired licenses ...
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