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

BRISBANE TO HOST MONGOLIA-AUSTRALIA DEVELOPMENT FORUM

17/10/2014  |  mining
The Mongolia-Australia Development Forum will be held at St. Lucia in Brisbane, Australia on 31 October with the focus to support sustainable development and partnerships in the mining sector. Guest speakers, including Mongolian Ambassador to Australia Bold Ravdan, will speak on Mongolia's development challen ...
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MACMAHON EXTENDS STANDSTILL AGREEMENT WITH ERDENES TT TO 23 OCTOBER

17/10/2014  |  mining
Macmahon Holdings Ltd. on 9 October announced that it had extended its standstill agreement in place with Erdenes Tavan Tolgoi for a further two weeks. The standstill will now end on 23 October, unless extended further, to allow the parties further time to negotiate the matters between them and progress alter ...
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GERMANY'S WEILER OPENS STEEL AND CONCRETE FACTORY

17/10/2014  |  infrastructure
A new Weiler concrete and steel factory has opened in Mongolia that managers claims will produce wall fixtures to allow for year-round construction and lower housing costs by 25 percent. The plant will produce four types of walls as well as flooring materials, and columns. Daily production will include 40 int ...
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ADB OFFERS $500MN LOAN TO FINANCE BOGDKHAN RAILROAD PROJECT

17/10/2014  |  infrastructure
Asian Development Bank has agreed to loan USD 500 million to the Mongolian government to launch a railway construction project that would provide a gateway to the international airport currently under construction at Khushigt Valley. State Secretary for Transportation and Roads Yo. Manlaibayar and ADB Senior ...
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ASPIRE MINING CLOSER TO UNLOCKING OVOOT RICHES WITH GOVERNMENT RAIL SUPPORT

17/10/2014  |  mining
Aspire Mining Ltd. has received support from the Mongolian government with its proposed Erdenet to Ovoot railway included in its List of Approved Projects. This 547 kilometer section of the Northern Rail Line connects its fully-owned Ovoot coking coal project to the Trans-Mongolian Railway and is key to its d ...
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TURQUOISE HILL CUTS OYU TOLGOI 2014 GOLD, COPPER OUTPUT FORECAST

17/10/2014  |  mining
Turquoise Hill Resources Ltd. on Tuesday reduced its 2014 forecasts for gold and copper production at the massive Oyu Tolgoi copper-gold mine in Mongolia because of delays in mine development in the third quarter. The miner, which owns some 66 percent of Oyu Tolgoi, said it now expects the mine to produce bet ...
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MONGOLIA WILL NEVER HOST A U.S. MILITARY BASE, SAYS ELBEGDORJ

17/10/2014  |  politics
Mongolia will never host an American military base, Mongolian President Tsakhia Elbegdorj said Monday in an exclusive interview with TASS. “When we ask Mongolian residents with which country it is necessary to cooperate, statistics show 60 percent prefer Russia, 15 to 20 percent choose China,” Elb ...
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