India's Prime Minister Narendra Modi has made a master move in deciding to undertake an official visit to Mongolia this week.
Mongolia Mining News
Turquoise Hill sale of stake in Mongolia's SouthGobi falls through
The failed deal was supposed to allow Turquoise Hill to finally break ties with the Mongolian coal miner that was once worth over $2.4 billion.
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
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
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
The country's parliament decided Tavan Tolgoi needs the approval of legislators before going ahead.
Turquoise Hill surges after Oyu Tolgoi expansion okayed
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
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
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
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
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
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
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
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.
Mongolia text poll impact: Dust off your exploration plans
Mongolia may give up government shareholding in mining projects altogether.
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
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
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
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
Higher grades boost fourth quarter production despite concentrator fire at Oyu Tolgoi in Mongolia.
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
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
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
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
Nominee Amarjargal Renchinnyam is a respected economist who could help bring Vancouver firm's $5bn Oyu Tolgoi copper-gold expansion project back on track.
