Mongolia

Ecological gold from Mongolia: Artisanal miners obtain Fairmined Certification

Ecological gold from Mongolia, outdoor setting

They are the only producer of Fairmined Ecological Gold, a special Fairmined label for Fairmined Gold produced without the use of mercury or cyanide.

Rio's Turquoise Hill gets rid of remaining stake in SouthGobi

Cecilia Jamasmie | February 25, 2015
Rio's Turquoise Hill gets rid of remaining stake in SouthGobi

Chinese Novel Sunrise Investments has agreed to buy 48.7 million shares in SouthGobi —which was once worth over US$2.4 billion —for 35 cents per share in cash.

Coal miners jailed for Mongolia tax evasion seek pardon

Frik Els | February 23, 2015
Coal miners jailed for Mongolia tax evasion seek pardon

US citizen Justin Kapla and two Philippine nationals sentenced to 5 – 6 years in jail while working for coal miner SouthGobi appeal to Mongolian president.

Frik Els

Mongolia text poll impact: Dust off your exploration plans

Frik Els | February 5, 2015
Mongolia text poll's Oyu Tolgoi impact

Mongolia may give up government shareholding in mining projects altogether.

Mongolian verdict sends chill through mining community

Frik Els | February 4, 2015
Mongolian verdict sends chill through mining community

Banned from travel since 2012, three SouthGobi workers, a coal firm owned Vancouver's Turquoise Hill, are now going to jail for 5-6 years for tax evasion.

Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Cecilia Jamasmie | January 26, 2015
Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.

Mongolia’s bonds slump with copper as spat with Rio stalls mine

Bloomberg | January 26, 2015

Mongolia’s dollar bonds and currency sank to record lows this month as a slide in commodity prices and a dispute with Rio Tinto Group over developing one of the world’s largest copper and gold mines kept foreign investors away.

Centerra a step closer to moving gold project in Mongolia forward

Cecilia Jamasmie | January 23, 2015
Centerra a step closer to moving gold project in Mongolia forward

The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.

Turquoise Hill output at higher end of target

Frik Els | January 19, 2015
Turquoise Hill output at higher end of target

Higher grades boost fourth quarter production despite concentrator fire at Oyu Tolgoi in Mongolia.

China scraps decade-old rare earths export quotas

Cecilia Jamasmie | January 6, 2015
China scraps decade-old rare earths export quotas

The long-awaited policy change comes after the World Trade Organization determined last year that the nation’s quota system violated trade rules.

Oyu Tolgoi 2015 production forecast cut

Frik Els | December 20, 2014
Oyu Tolgoi 2015 production forecast cut

Vancouver's Turquoise Hill lowers output estimates for Mongolian mine to 600,000oz–700,000oz of gold and 175,000t–195,000t of copper in concentrates.

Rio Tinto cuts spending, defers capex, keeps dividend

Cecilia Jamasmie | November 28, 2014
Rio Tinto cuts spending, defers capex, keeps dividend

The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.

New Mongolia PM brings little fresh to Oyu Tolgoi talks

Frik Els | November 21, 2014
mongolia_genghis_khan_statue_400_333

The appointment of Chimed Saikhanbileg on Friday represented "business as usual" for the government, and could further drive away foreign investment.

Turquoise Hill surges after Mongolia taps new leader

Frik Els | November 12, 2014
Turquoise Hill surges as Mongolia taps new leader

Nominee Amarjargal Renchinnyam is a respected economist who could help bring Vancouver firm's $5bn Oyu Tolgoi copper-gold expansion project back on track.

Rio Tinto's $5.4bn Oyu Tolgoi expansion in limbo once again

Cecilia Jamasmie | November 10, 2014
Rio Tinto's $5.4bn Oyu Tolgoi expansion in limbo once again

Mine operator and Rio's subsidiary Turquoise Hill said Monday they have made an offer to the government of Mongolia to resolve matters in a manner deemed "beneficial to all stakeholders.”

Cecilia Jamasmie

Mongolia-based miners in limbo after premier ousted

Cecilia Jamasmie | November 7, 2014
Mongolia-based miners in limbo after premier ousted

What happens next is critical say mining companies currently operating in the country.

Rio Tinto braces for $2.5bn Oyu Tolgoi writedown

Cecilia Jamasmie | October 31, 2014
Turquoise Hill output at higher end of target

According to The Times, Rio flagged the possibility of a writedown in August.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Analyst: Glasenberg could grab Rio by way of China

The move is seen by analysts as an attempt to strengthen the firm’s image.

Global unions converge in Mongolia in campaign for Rio Tinto workers’ rights

IndustriALL Global Union | October 20, 2014

Leaders of IndustriALL Global Union’s Rio Tinto Network will gather in Mongolia on 22 October to plan the next moves in the worldwide campaign to improve worker rights at the mining giant.

Oyu Tolgoi copper, gold output forecasts slashed

Frik Els | October 14, 2014
Oyu Tolgoi copper, gold output forecasts slashed

Vancouver-based Turquoise Hill blames "delayed mine advancement" at massive Mongolian property.

More delay at Oyu Tolgoi as financing deadline lapses

MINING.com Editor | October 5, 2014
Rio Tinto to axe hundreds of jobs at Oyu Tolgoi mine

The underground portion of the Oyu Tolgoi copper-gold complex is no closer to fruition, after the parties behind the US$5 billion operation let a Sept. 30 financing deadline lapse without applying for an extension.

Rio Tinto-Mongolia deal on Oyu Tolgoi expansion 'days away'

Frik Els | September 26, 2014
Oyu Tolgoi’s first international copper, gold shipment on its way to China

We've heard this before.

Turquoise Hill tax break revives Oyu Tolgoi expansion

Frik Els | September 16, 2014
Turquoise Hill tax break revives Oyu Tolgoi expansion

Work on feasibility study for $6bn underground expansion of massive Mongolian copper-gold mine can resume after confirmation tax dispute is settled for $100m less.

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

New hold-up for Rio’s subsidiary Turquoise Hill at Oyu Tolgoi

Cecilia Jamasmie | September 9, 2014
Analyst: Glasenberg could grab Rio by way of China

One of the two tailings thickeners experienced rake failure last Friday.

Oyu Tolgoi feasibility study won't have financials or schedule

Frik Els | August 13, 2014
Oyu Tolgoi feasibility study won't have financials or schedule

Talks ahead of September 30 funding deadline continue and feasibility study for $5bn expansion of Mongolia mine almost complete, but huge gaps remain.

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