Mongolian Government Mining News

Milbank awarded for Oyu Tolgoi mining deal representation

During the PFI Awards Dinner held in London on Feb. 3.

Rio Tinto closes $4.4 billion financing deal for Oyu Tolgoi mine

The $4.4 billion deal involved international financial institutions and export credit agencies representing the governments of the U.S., Canada and Australia, along with 15 commercial banks.

Rio Tinto $4 billion financing deal for Oyu Tolgoi imminent — report

The agreement, which is said to involve up to 15 banks, could be signed as early as Wednesday.

Copper prices may weigh on Rio Tinto’s looming decision on Oyu Tolgoi expansion

The company said it would announce a final decision on the matter early next year.

Mongolia’s mining sector ready to take off again — Erdene Resource

The company, which owns a gold project in Mongolia, is optimistic about the country's stance towards foreign mining investment over the coming years.

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.

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.

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.”

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

According to The Times, Rio flagged the possibility of a writedown in August.

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

One of the two tailings thickeners experienced rake failure last Friday.

Mongolia blames Rio Tinto for delays at Oyu Tolgoi

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

Mongolia says Rio Tinto owes $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.

Rio Tinto to axe hundreds of jobs at Oyu Tolgoi mine

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

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.

Fresh signs of imminent Oyu Tolgoi deal between Rio Tinto and Mongolia

Engineering and project management company AMEC has began advertising for workers on what appears to be the famous mine.

Oyu Tolgoi’s first international copper, gold shipment on its way to China

Operator Turquoise Hill expected to confirm news at some point Monday.

Rio Tinto restarts negotiations with Mongolia over Oyu Tolgoi

Rio Tinto has tried to get approval from Mongolia for its financing proposal since last winter, but the government has not yet offered a direct reply.

Rio Tinto’s Oyu Tolgoi new CEO set to end mine’s disputes

During the board meeting scheduled for this week, Kinnell is likely push for an end of some of the several points of dispute over Oyu Tolgoi.

Rio Tinto cuts about 2,000 jobs at Oyu Tolgoi — report

Long-running dispute between the Mongolian government and Rio over the massive copper-gold mine continues to drag on.

Mongolians could have a stake in one of world’s largest copper mines

Country's government may soon convert its shares in Rio Tinto’s $6.6 billion Oyu Tolgoi mine into a public company.

Korea Resources wants at least 10% of world’s largest met coal deposit

State-run Korea Resources Corp. (KORES) is planning to invest at least US$532 million (600 billion won) in mining projects abroad this yea, particularly in the coal sector of Indonesia and North America, reports Bloomberg.

Training Partnership Boosts Mining in Mongolia

A new initiative to train mining professionals in Mongolia is planting the seed for a burgeoning mining industry in the north-Asian country bordering China and Russia. The program, a mix of online and short (two-day) […]