The owner of the massive Oyu Tolgoi copper-gold mine in Mongolia is doubling its shares outstanding with a $2.4 billion rights offer.
Government wants them to come forward and be part of the system.
But much of that optimism is centred on positive outcome over Oyu Tolgoi expansion.
Mining giant showed the door to an unconfirmed number of contractors at its Argyle diamond mine and is planning job cuts at its coal operations.
$50,000 a month to promote new foreign investor friendly law.
The rulers of Mongolia's fewer than 3 million citizens have amassed the equivalent of 7.6% of the country's economy.
Oyu Tolgoi Chairman: I have seen excitement about Mongolia reach fever pitch and drop off a cliff multiple times.
Exploration companies operating in the Asian nation have become collateral damage in a criminal case involving former senior government employees at Mongolia's mining regulator.
Suspended in July 2012, the Ulan Ovoo thermal coal project is up and running again.
Operator Turquoise Hill expected to confirm news at some point Monday.
Rio Tinto has tried to get approval from Mongolia for its financing proposal since last winter, but the government has not yet offered a direct reply.
Now processing 100,000 tonnes of ore per day.
106 explorers in Mongolia have become collateral damage in a criminal case against former government officials.
Mongolia says will take 34% of Entrée. Vancouver-based explorer shares add 10%.
The long-running dispute over financing and costs relating to expansion of Rio's flagship copper-gold mine could be over by the end of the year.
Mongolia is offering infrastructure companies ways to swap investments for equity in 6.4 billion tonne Tavan Tolgoi met coal deposit.
"We’re much closer to the bottom of this cycle than you imagine. This is not the end of the super-cycle."
During the board meeting scheduled for this week, Kinnell is likely push for an end of some of the several points of dispute over Oyu Tolgoi.
40% slump in foreign direct investment in the Asian nation during the first half of the year behind re-think.
Long-running dispute between the Mongolian government and Rio over the massive copper-gold mine continues to drag on.
Country's government may soon convert its shares in Rio Tinto’s $6.6 billion Oyu Tolgoi mine into a public company.
Talks on $5 billion underground expansion of the massive copper-gold mine can go ahead says Mongolia's prime minister.
Turquoise Hill Resources, operator of the massive Oyu Tolgoi mine in Mongolia, dropped 18% to a multi-year low on Monday after a $5 billion expansion was put on hold.
The 2009 investment agreement remains contentious.
Mines Minister tweets "first shipments will start on July 9." Fourth time a charm?
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