Mongolia Mining News

Rio Tinto to boot iron ore chief in fresh management shake-up

Andrew Harding, once tipped as the most likely person to take the company’s reins, is being replaced by Chris Salisbury, currently leading the copper and coal division.

Canada’s Erdene Resource sees bright future after striking gold in Mongolia

The company's Bayan Khundii project went from greenfield prospect to the company’s flagship asset in roughly nine months.

Turquoise Hill soars on Rio Tinto increasing stake rumours

The mining giant is said to have hired Goldman Sachs as an adviser to look at a two-step wrap-up of the Vancouver-based firm.

Kincora consolidates the Mongolian southern Gobi copper-gold belt

The transaction will result in a consolidated landholding of over 1,500km2 between and along a strike from the Oyu Tolgoi and Tsagaan Suvarga copper mines.

Mongolia to pay $70 million owed to Canada’s Khan Resources

Move comes on the heels of Rio Tinto’s decision to resume work on a $5.3 billion expansion of the Oyu Tolgoi copper mine, following a three-year delay due to disputes with authorities.

Rio Tinto goes ahead with $5.3 billion expansion of Oyu Tolgoi

Construction of the massive mine's underground portion will begin within months, with first production expected by 2020.

Mongolia and Colombia tout their fair mined ecological gold

The Alliance for Responsible Mining announces today that Fairmined Ecological Gold from the Mongolian organization XAMODX and five mining organizations in la Llanada, Colombia is now available.

The uranium shakedown: How Mongolia and Russia conspired against western investors (Part 3 of 3)

In the final part of our probe into the curious case of Khan Resources, we review events leading to the seizure of the company’s Mongolian assets and its chairman’s unusual death in an Ulaanbaatar hotel.

The uranium shakedown: How Mongolia and Russia conspired against western investors (Part 2 of 3)

In the second installment of the curious case of Khan Resources, we explore the company’s turbulent history in Mongolia and document a deal with Russia’s leadership to swap its uranium mines for hundreds of millions of dollars in aid and debt forgiveness.

The uranium shakedown: How Mongolia and Russia conspired against western investors (Part 1 of 3)

The curious case of Khan Resources exposes how Mongolia seized uranium mine deposits from their Canadian legal owner and transferred them to Russian government control. And with elections imminent, the Mongolian government is now trying to clean up the mess. (Part One of a Three Part Series)

Thousands rally in Mongolia over foreign mining concessions

The more than 2,000 people who gathered in Ulaanbaatar's Freedom Square claimed foreign companies have exploited Mongolia's mineral wealth, which accounts for 94% of the nation's exports.

Slowing Chinese demand of coal to hurt Mongolia — BMI

The ramp up in Mongolian coal production will be faced with decreasing demand from China, the major importer of Mongolian coking coal.

Mongolia settles row with Canadian miner, pays $70 million

The move comes as the Asian country is launching a new program this week that aims to attract mining exploration.

Mongolia’s Gatsuurt project faces uncertainty

The nation has struggled to manage its resources leading to disagreements and protests of mining operations.

Milbank awarded for Oyu Tolgoi mining deal representation

During the PFI Awards Dinner held in London on Feb. 3.

Centerra can go ahead with new gold mine in Mongolia

After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.

Centerra Gold exceeds 2015 production guidance and announces 2016 outlook

Figures include 520,695 ounces of gold from the Kumtor mine, in the Kyrgyz Republic, and 16,226 ounces of gold from the Boroo mine, in Mongolia.

Rio Tinto closes $4.4 billion financing deal for Oyu Tolgoi mine

The $4.4 billion deal involved international financial institutions and export credit agencies representing the governments of the U.S., Canada and Australia, along with 15 commercial banks.

Rio Tinto $4 billion financing deal for Oyu Tolgoi imminent — report

The agreement, which is said to involve up to 15 banks, could be signed as early as Wednesday.

Turquoise Hill jumps on 2016 guidance

Vancouver-based company said it is waiting for "final notice to proceed" for $5 billion expansion of giant copper-gold mine in Mongolia mine.

Erdene intersects multiple high-grade gold-bearing structures at Bayan Khundii

Erdene is pleased to report high-grade gold intersections from the Company's recently completed, maiden drill program at its wholly-owned Bayan Khundii gold project in southwest Mongolia.

Copper prices may weigh on Rio Tinto’s looming decision on Oyu Tolgoi expansion

The company said it would announce a final decision on the matter early next year.

Turkey approves environmental assessment for Centerra’s Oksut project

Construction of the gold mine, located in the south-central Kayseri province, should start in early 2016, followed by production by mid-2017.

Mongolia struggles to develop Tavan Tolgoi coal mine

Development of the mine, halted by politics and weak government institutions, reflects the resource curse as Mongolia’s Parliament failed to transfer ownership of the coal mine.

Investigation launched into Mongolian iron ore mine financed by European Bank for Reconstruction and Development for impacts on local communities

The investigation comes in response to a complaint filed to the EBRD’s Project Complaint Mechanism (PCM) in December 2014 from herders affected by the project.