Mongolia

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.

Mongolia foreign investment craters 70%

Frik Els | August 1, 2014
Mongolia foreign investment craters 70%

The Asian nation is dependent on foreign investment in the mining sector to fuel growth.

Pilbara expansion boosts Rio Tinto iron ore output

Cecilia Jamasmie | July 16, 2014
Rio Tinto's cuts are the deepest

The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.

Mongolia blames Rio Tinto for delays at Oyu Tolgoi

Cecilia Jamasmie | July 9, 2014
Mongolia blames Rio Tinto for delays at Oyu Tolgoi

The move aims to shift blame for delays away from the government.

Mongolia approves major overhaul to mining law

Cecilia Jamasmie | July 2, 2014
Mongolia approves major overhaul to mining law

New law expands the proportion of Mongolia’s area available to mining and exploration from 8% to 20%, among other investor-friendly changes.

Ex-SouthGobi workers long stuck in Mongolia get trial date

Jeffrey Richmond | June 25, 2014
SouthGobi trial feat

Mongolia blocks accused from leaving country, often for years.

Mongolia says Rio Tinto owes $130 million in Oyu Tolgoi unpaid taxes

Cecilia Jamasmie | June 23, 2014
Mongolia says Rio Tinto owns $130 million in Oyu Tolgoi unpaid taxes

The long-dragged dispute between Rio and the Mongolian government over a $6.6 billion underground expansion of Oyu Tolgoi has hit a fresh impasse.

Mongolia mining reforms seek $1bn in coal, shale investments

Cecilia Jamasmie | May 30, 2014
Mongolia mining reforms seek $1bn in coal, shale investments

The revisions to the country's mining law would increase the area available to exploration to 20%t from around 8%.

Rio Tinto to axe hundreds of jobs at Oyu Tolgoi mine

Cecilia Jamasmie | May 28, 2014
Oyu Tolgoi feasibility study won't have financials or schedule

Amid the miner's efforts to reduce costs at its gigantic copper and gold operation in Mongolia.

Miners’ time to rejoice: Rio Tinto hints at imminent end of downturn

Cecilia Jamasmie | May 8, 2014
Miners’ time to rejoice: Rio Tinto hints at imminent end of downturn

The head of the world’s second largest mining company, Sam Walsh, said he will soon stop focusing on cost cuts to centre on growth again.

Mongolia wants to regain investors confidence by returning mining licenses

Cecilia Jamasmie | May 6, 2014
Mongolia wants to regain investors confidence by returning mining licenses

Foreign direct investment in the central Asian country dropped 50% last year.

Kincora Copper set to solve mining licenses dispute with Mongolia

Cecilia Jamasmie | April 29, 2014
Kincora Copper set to solve mining licenses dispute with Mongolia

Company is confident the government will return two of the licences revoked last year.

Teck invests further in Halifax’s Erdene to expand copper exploration in Mongolia

Cecilia Jamasmie | April 22, 2014
Kincora Copper set to solve mining licenses dispute with Mongolia

Erdene Resource owns the Altan Nar gold-polymetallic project, located in southwest Mongolia, 200 kilometres from the border with China.

Cecilia Jamasmie

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

Cecilia Jamasmie | April 16, 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.

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.

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 crashes through $90

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.

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