Mongolia

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
Rio Tinto braces for $2.5bn Oyu Tolgoi writedown: report

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

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

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.

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
Iron ore price bears come out in force

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
Turquoise Hill up 22% after Oyu Tolgoi tax bill slashed

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.

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