Mongolia Mining News

Over 40% of minority shareholders of Turquoise Hill oppose independent directors

Sailingstone, its second biggest investor, flagged its vote in an open letter last month, citing governance issues and the board's lack of engagement with minority investors.

Turquoise Hill’s role in Oyu Tolgoi-related decisions may change this week

SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.

Rio Tinto speeds up exploration at Winu copper find in Western Australia

Rio has so far drilled 24 holes at the site and will continue extensive drilling in months to come as part of its $250 million exploration program.

Rio Tinto injects another $302m into Resolution copper project in Arizona

Investment will go towards more drilling, orebody studies, infrastructure improvements and permitting activities.

Asia’s mining sector offsets risk with reward — report

Mongolia has emerged as an investment hot spot for untapped reserves.

Mongolia lawmakers seek to rewrite Oyu Tolgoi deal

The Gobi desert copper deposit promises to become one of Rio Tinto’s most lucrative properties, but it has been subject to repeated challenges from politician.

How countries are getting tougher with mining companies

A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.

China's Feb coking coal imports from Australia fall 21%

Australian imports were at 1.16 million tonnes last month, compared to 1.47 million tonnes in February 2018.

Turquoise Hill's 2018 financial results report 250% income jump over 2017

Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017.

Rio Tinto may have found its next major copper mine in Western Australia

The world's second largest miner has confirmed an "exciting" copper find at its Winu project, in the Paterson Range in the East Pilbara.

Mongolia posts 6.9% economic growth in 2018

Coal and copper generate almost 70% of Mongolia's total export revenues and most of its mining output is sold to neighboring China.

Rio Tinto to remain strong despite difficulties—report

A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.

Mongolia, overseas investigators probe Oyu Tolgoi corruption claims as ex-minister re-arrested

An investigation is ongoing into suspected abuse of power - that former finance minister Bayartsogt held shares in a foreign company before the Oyu Tolgoi investment agreement.

Turquoise Hill reports fourth quarter 2018 production for Oyu Tolgoi, 2019 guidance

The company expects Oyu Tolgoi will be the world’s third-largest copper producer at peak metal production.

Rio Tinto, Mongolia sign power deal for Oyu Tolgoi copper mine

The Oyu Tolgoi project is central to Rio Tinto's push to diversify its portfolio away from iron ore.

Mongolia looks to list Tavan Tolgoi in NY, Hong Kong in 2019

The government is keen to develop the mine which holds an estimated 7.4 billion tonnes in reserves.

China's CNNC seeking overseas partners to secure uranium

"Our vision is to be the world's leading uranium company" - Ni Tao deputy manager of China National Uranium Co Ltd

Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues

First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.

Mongolian court says copper mine nationalisation broke laws

The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine.

Rio Tinto scours for electricity to run giant Mongolia copper mine

Mining giant running out of time to secure power supplies

Erdene becomes first cross-listed firm on the Mongolian Stock Exchange

The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.

Rio Tinto signs JV exploration deal with China’s Minmetals

The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .

Mongolia listing boosts investors confidence in Erdene Resource

The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.

Rio Tinto says investors to take stance on Oyu Tolgoi as ‘test case’

Rio Tinto has called for less interference at its giant copper and gold mine in Mongolia, as it moves forward with an underground expansion.

Rio Tinto says climbing costs, resource nationalism once again big threats

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.