Mongolia

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Rio Tinto not shipping copper from Oyu Tolgoi any time soon: report

Cecilia Jamasmie | June 13, 2013
Rio Tinto not shipping copper from Oyu Tolgoi any time soon: report

The market is closely watching the opening of Oyu Tolgoi, as fears about copper supply for the rest of 2013 continue to increase, affecting the red metal's price.

Rio Tinto to start copper exports from Oyu Tolgoi this week

Cecilia Jamasmie | June 11, 2013
Rio Tinto to start copper exports from Oyu Tolgoi this week

Company is said to have invited reporters to attend a ceremony at the mine this Friday to celebrate its first shipment.

Mongolia shakes its ‘Asia’s mineral state’ reputation, pushes renewables

Cecilia Jamasmie | June 5, 2013
Mongolia shakes its ‘Asia’s mineral state’ reputation, pushes renewables

Government will also introduce new environmental laws.

Chinese firms go hunting for gold mines overseas

Cecilia Jamasmie | June 4, 2013
Chinese firms go hunting for gold mines overseas

China hosts less than 5% of the world's known gold reserves, while domestic mines are often readily exhausted.

New securities law in Mongolia cleans path for Tavan Tolgoi IPO

Cecilia Jamasmie | May 24, 2013
New securities law in Mongolia cleans path for Tavan Tolgoi IPO

The new law can be the solution cash-strapped state-owned developer of Tavan Tolgoi has been looking for years.

SouthGobi Resources forecasts huge increase for 2013 coal production

Kerry Hall | May 13, 2013
black mountains of coal pieces

Its flagship coking coal mine in southern Mongolia is running again.

Rio says Oyu Tolgoi could start shipping this month

Frik Els | May 9, 2013
Rio says Oyu Tolgoi could start shipping this month

CEO Sam Walsh told Rio Tinto investors approvals for shipment of material from the controversial Mongolia mine are expected "in the next couple of weeks."

Setting the stage for a presidential election

Julian Dierkes | May 7, 2013

Turmoil abounds prior to the June 26 vote in Mongolia.

Mongolia downgrade bolsters Turquoise Hill in Oyu Tolgoi talks

Frik Els | April 23, 2013
Mongolia downgrade bolsters Turquoise Hill in Oyu Tolgoi talks

Rio Tinto's hand strengthened in bitter negotiations over future of TRQ's massive mine after S&P cites mining policy as a reason for country's credit downgrade.

AREVA discovers big uranium deposit in Mongolia

Vladimir Basov | April 17, 2013
Uranium in-situ leaching field test in Mongolia

The company reported 50,000 tonnes of uranium in inferred resources.

Rio Tinto copper output hit hard by Utah landslide, to fall 20%

Cecilia Jamasmie | April 16, 2013
Rio Tinto copper output hit hard by Utah landslide, to fall 20%

The giant miner revealed, however, a spike in first-quarter production, which sent the shares up 1.9% to 3,028p in London and received a pre-market gain estimated in 4.6% to $46.40 this morning in New York.

Rio Tinto adds Ivanhoe Australia to its blowout sale

Cecilia Jamasmie | April 11, 2013
Australia kangaroo

Rumours suggest Rio’s sale of a majority stake in Ivanhoe Australia will trigger a full takeover of the company.

Political infighting may be behind latest Oyu Tolgoi delay

Frik Els | March 20, 2013
Oyu Tolgoi

Mongolian state representative on Oyu Tolgoi board may be jockeying for position ahead of presidential elections.

Ten banks to back up Rio Tinto’s Oyu Tolgoi: report

Cecilia Jamasmie | March 15, 2013
Ten banks to back up Rio Tinto’s Oyu Tolgoi: report

The mine is currently operating under a temporary month-to-month budget from Rio's coffers

Oyu Tolgoi: Mongolia tosses ball into Rio's court

Frik Els | March 14, 2013
Oyu Tolgoi: Mongolia tosses ball into Rio's court

Mongolia wants six issues resolved before agreeing on construction funding.

Mongolia working hard to avoid the mistakes of 2009 with new mining law

Frik Els | March 10, 2013
Oyu Tolgoi

The Law with the Long Name enacted in 2009 abruptly cancelled 200 mining and exploration licences.

US raises serious concerns over Oyu Tolgoi's environmental, social impact

Frik Els | March 9, 2013
Ten banks to back up Rio Tinto’s Oyu Tolgoi: report

Won't vote on World Bank funding of $4.5 billion debt package sought by Rio Tinto.

Turquoise Hill jumps 11% after allaying Oyu Tolgoi fears

Frik Els | March 1, 2013
Turquoise Hill jumps 10% after allaying Oyu Tolgoi fears

Vancouver company calls ongoing negotiations with Mongolia government productive.

Mongolia cancels key Oyu Tolgoi licences

Frik Els | February 27, 2013
Rio says Oyu Tolgoi could start shipping this month

Dispute over taxes, costs and revenues intensify.

Entree Gold hammered after permit near Oyu Tolgoi cancelled

Frik Els | February 26, 2013
Entree Gold hammered after permit near Oyu Tolgoi cancelled

Vancouver's Entrée Gold can't mine near the massive copper-gold project or Mongolia will "lose its share of profits".

President: "Time has come for Mongolia to take Oyu Tolgoi matters into its own hands”

Frik Els | February 4, 2013
President: "Time has come for Mongolia to take Oyu Tolgoi matters into its own hands”

Mongolian president Elbegdorj delivers stinging rebuke to 'irresponsible' Rio over Oyu Tolgoi's runaway costs of $24bn.

Rio threatens to halt work at Oyu Tolgoi over Mongolia's demands for bigger stake

Frik Els | January 30, 2013
Oyu Tolgoi: Mongolia tosses ball into Rio's court

The giant copper-gold mine is one of the richest prizes in mining and the Mongolian government has long coveted more of it.

Problems at the world's largest coking coal mine escalate

Cecilia Jamasmie | January 25, 2013
Troubles at the world's largest coal mine escalate

Mongolia is planning to cancel China coal-supply contract, and has delayed Tavan Tolgoi's IPO.

Mongolia stops coking coal exports to China in pricing scrap

Frik Els | January 20, 2013
Mongolia stops coking coal exports to China over contract scrap

Tavan Tolgoi's high-quality coal is being sold to cheaply says CEO.

'Having the balls' to grab Oyu Tolgoi said to be Albanese's greatest achievement

Frik Els | January 18, 2013
'Having the balls' to grab Oyu Tolgoi said to be Albanese's greatest achievement

That and fighting off BHP's advances.

Worries mount over draconian Mongolian mining bill

Frik Els | January 15, 2013
Mongolia shakes its ‘Asia’s mineral state’ reputation, pushes renewables

"The impact of the draft law on the minerals industry will be to halt current minerals exploration and development in Mongolia and greatly discourage any future investment."

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