Mongolia

Turquoise Hill buys time for Oyu Tolgoi expansion

Frik Els | April 15, 2014
Turquoise Hill buys time for Oyu Tolgoi expansion

But production at massive Mongolian mine slips and shares take a beating.

Cecilia Jamasmie

Rio Tinto iron ore output hit by bad weather in Australia, Canada

Cecilia Jamasmie | April 15, 2014
Rio Tinto iron ore output hit by bad weather in Australia, Canada

Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.

Mongolia’s mining boom takes toll in locals health

Cecilia Jamasmie | April 3, 2014
Mongolia’s mining boom takes tool in locals health

While mining giants have boost Mongolia’s economy, illegal miners keep polluting the environment and driving industry's death figures up.

Rio Tinto’s Oyu Tolgoi likely to miss deadline for financing

Cecilia Jamasmie | March 26, 2014
Rio Tinto’s Oyu Tolgoi likely to miss deadline for financing

Operator Turquoise Hill may need to ask lenders to extend financing for the $6.2 billion mine extension.

SouthGobi hit badly by coal prices slump, seeks funding to avert default

Cecilia Jamasmie | March 24, 2014
SouthGobi hit badly by coal prices slump, seeks funding to avert default

The Vancouver-based miner said it expected coal prices to remain weak.

Rio Tinto to pay an extra $75 million in taxes on new rulings

Cecilia Jamasmie | March 16, 2014
Rio Tinto to pay an extra $75 million in taxes on new rulings

The miner is warning the multitude of new legislation could send compliance costs soaring by tens of millions of dollars for global companies.

Rio Tinto’s Sam Walsh scores $9m after pay increase in first year

Cecilia Jamasmie | March 14, 2014
Rio Tinto’s Sam Walsh scores $9m pay increase in first year

The figure includes salary, a cash bonus, shares and other benefits for the man who was able to take Rio Tinto from a US$3 billion loss to a US$3.7 billion profit in a year.

Fresh signs of imminent Oyu Tolgoi deal between Rio Tinto and Mongolia

Cecilia Jamasmie | March 5, 2014
Rio Tinto’s Oyu Tolgoi likely to miss deadline for financing

Engineering and project management company AMEC has began advertising for workers on what appears to be the famous mine.

Turquoise Hill shares plunge on Oyu Tolgoi update

Frik Els | February 13, 2014
Turquoise Hill shares plunge on Oyu Tolgoi update

No progress in talks with Mongolia on underground expansion and a couple of production and sales hiccups.

Rio’s Walsh delivers: 15% dividend hike on higher than expected second-half profit

Cecilia Jamasmie | February 13, 2014
Rio’s Walsh delivers: 15% dividend hike on higher than expected second-half profit

The miner has been among the most aggressive cost-cutters and plans to find a further $3 billion in savings this year.

Iron ore, coking coal miners must start looking outside China for growth

Frik Els | January 22, 2014
Iron ore price hits fresh 8-month low

Iron ore and coking coal prices hover at 6-month lows on Wednesday as Chinese steel prices approach record lows and forecasts for output growth are slashed.

Turquoise Hill jumps 10% on robust production numbers

Frik Els | January 16, 2014
Turquoise Hill jumps 10% on robust production numbers

Year to date shares of the operator of the giant Oyu Tolgoi copper-gold mine in Mongolia is up 21%.

Mongolia sees Oyu Tolgoi deal this month

Frik Els | January 12, 2014
Mongolia sees Oyu Tolgoi deal this month

If Rio Tinto and Mongolia can reach a deal on a $6bn+ expansion of the copper-gold mine it would completely transform the Asian nation's economy.

Topping the list of Canada's wealthiest 'losers' are two mining magnates

Ana Komnenic | January 10, 2014
Mining magnates top Canada's richest people 'biggest losers' list

Canadian Business' list of Canada's most well-to-do shows which billionaires lost the most in 2013.

Copper ends 2013 near 4-month peak

Cecilia Jamasmie | December 31, 2013
Copper ends 2013 near 4-month peak

Overall this year copper slipped 7.4%, but the losses were more modest than many anticipated.

Oyu Tolgoi financing commitments extended

Ana Komnenic | December 16, 2013
Rio Tinto’s Oyu Tolgoi likely to miss deadline for financing

Company has a few more months to wrangle with the Mongolian government.

Turquoise Hill sinks 26%

Frik Els | December 4, 2013
Turquoise Hill buys time for Oyu Tolgoi expansion

The owner of the massive Oyu Tolgoi copper-gold mine in Mongolia is doubling its shares outstanding with a $2.4 billion rights offer.

Mongolia to embrace illegal gold miners

Cecilia Jamasmie | November 25, 2013
Mongolia to embrace illegal gold miners

Government wants them to come forward and be part of the system.

Mongolia sees return to 17% growth next year

Frik Els | November 19, 2013
Mongolia sees return to 17% growth next year

But much of that optimism is centred on positive outcome over Oyu Tolgoi expansion.

Rio Tinto making last job cuts of the year

Cecilia Jamasmie | November 19, 2013
Rio’s Walsh delivers: 15% dividend hike on higher than expected second-half profit

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.

Mongolia splashes out on Washington lobbyists

Frik Els | November 14, 2013
lobbyists

$50,000 a month to promote new foreign investor friendly law.

Mongolia's wealthy politicians

Frik Els | November 13, 2013
Mongolia's wealthy politicians

The rulers of Mongolia's fewer than 3 million citizens have amassed the equivalent of 7.6% of the country's economy.

Mongolia gears up for the fight of its mining life

Frik Els | November 11, 2013
Mongolia gears up to fight for its mining life

Oyu Tolgoi Chairman: I have seen excitement about Mongolia reach fever pitch and drop off a cliff multiple times.

Mongolia revokes 106 exploration licences

Frik Els | November 6, 2013
Mongolia revokes 106 exploration licences

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.

Mongolian coal mine resumes operations

Ana Komnenic | November 4, 2013
Ulan Ovoo

Suspended in July 2012, the Ulan Ovoo thermal coal project is up and running again.

Oyu Tolgoi’s first international copper, gold shipment on its way to China

Cecilia Jamasmie | October 21, 2013
Oyu Tolgoi’s first international copper, gold shipment on its way to China

Operator Turquoise Hill expected to confirm news at some point Monday.

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