Mongolia

Mongolia to rescind $100m payment to Khan Resources

Cecilia Jamasmie | April 27, 2015
Mongolia to rescind $100m payment to Khan Resources

The two sides met last week, but failed to reach an agreement on a dispute that has dragged on for six years.

Canadian mining chairman Jim Doak found dead in Mongolia

Cecilia Jamasmie | April 24, 2015
Mongolia to rescind $100m payment to Khan Resources

Doak, the chairman of Toronto-based uranium exploration and development company Khan Resources, was found dead Thursday morning in his hotel room.

GRAPHIC: Mongolia needs Oyu Tolgoi more than Rio does

Frik Els | April 14, 2015
Mongolia needs Oyu Tolgoi

Once the fastest growing economy in the world, foreign direct investment in Mongolia collapsed over the space of just two years.

Mongolia halts landmark deal with foreign firms over massive coal mine

Cecilia Jamasmie | April 7, 2015
Mongolia halts landmark deal with foreign firms over massive coal mine

The country's parliament decided Tavan Tolgoi needs the approval of legislators before going ahead.

Turquoise Hill surges after Oyu Tolgoi expansion okayed

Frik Els | April 6, 2015
Turquoise Hill surges after Mongolia approves expansion

After two years of bitter wrangling Mongolian cabinet approves Vancouver firm's $5 billion expansion of massive copper-gold mine in Gobi desert.

Mongolia greatly responsible for Rio’s Oyu Tolgoi troubles – PM

Cecilia Jamasmie | April 3, 2015
Mongolia greatly responsible for Rio’s Oyu Tolgoi troubles - PM

Prime Minister Chimed Saikhanbileg said Friday his country should take charge of how long a dispute a expansion of the copper and gold mine has taken.

Asian miners transition towards digital mining

Timetric | March 18, 2015
Gold price just short of $1,200 as 'cautious optimism' returns

According to Timetric’s Mining Intelligence Center (MIC), Asian mines are transitioning towards digital mining, as demonstrated by continuing investment in design software and mine surveying.

Mongolia’s ancient silver mines highly polluting: study

Cecilia Jamasmie | March 4, 2015
Mongolia’s ancient silver mines highly polluting: study

Geologists found evidence of large amounts of silver smelting that ended up contaminating a vast area in southwest China.

Mongolia fined $100M for expropriating uranium mine

MINING.com Editor | March 3, 2015
Effects of court ruling feat

An international arbitration tribunal has ordered Mongolia to fork over $100 million for expropriating the Dornod uranium project from Khan Resources (CNSX:KRI) back in 2009.

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 after Mongolia approves expansion

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.

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