September 30, 2011

Rio Tinto Fighting for Hearts and Minds in Mongolia

Global miner Rio Tinto is fighting a legacy of bad publicity as it tries to persuade the Mongolian public a $10 billion copper deposit it took over from Ivanhoe Mines…

September 30, 2011

$70-million mill and mine upgrade for gold producer

Philippines-focused gold producer Medusa Mining is set to under-take a $70-million remodelling of its current Co-O mill and mine site in order to increase its yearly production target to 200,000…

September 30, 2011

NTPC plans long-term coal offtake deal

State-run NTPC is planning to strike a long-term offtake deal with coal companies abroad, to match its increasing demand.

September 29, 2011

MINERAL PROCESSING: Outotec to deliver ferrochrome plant to China

ESPOO, Finland - Outotec Oyj will design, build and deliver a new ferrochrome plant to Baotou, in Inner Mongolia, China. The plant is to be operational in 2013 and produce…

September 29, 2011

Mongolia puts politics ahead of business on giant copper deal

Mongolia's quest to renegotiate a 2009 deal to develop the giant Oyu Tolgoi copper-gold deposit might create a crisis of trust for foreign investors, but analysts said the decision could…

September 27, 2011

Rio Tinto pays Can$73 million for 49% of Ivanhoe Mines

Rio Tinto announced on Tuesday that it paid Can$73 million for 49% of Ivanhoe Mines. Rio Tinto acquired an additional 3,700,000 common shares in Ivanhoe Mines Ltd. through a wholly-owned…

September 27, 2011

New JV company incorporated to set up coal power plant in Eastern Sri Lanka

* Sept 27, Colombo: India's National Thermal Power Corporation and Sri Lanka's power authority, Ceylon Electricity Board have incorporated a new 50:50 joint venture company to set up the coal…

September 26, 2011

Spooked investors dump Ivanhoe despite reassurances – shares crash 21%

A statement put out by Ivanhoe Mines on Monday telling investors that its Oyu Tolgoi project remains on track and pooh-poohing rumours about the Mongolian government reneging on the deal…

September 26, 2011

Ivanhoe Mines expects the Mongolian Government to support the Oyu Tolgoi investment agreement

Ivanhoe Mines said in a statement today that the investment agreement for the Oyu Tolgoi Project remains a fair and legally binding contract that deserves and requires the unqualified support…

September 26, 2011

India, China and Russia will be driving uranium’s future

Although its future is unclear, significant expansion of nuclear power capacity is projected to occur in non-OECD countries, especially China, India and Russia, according to the U.S. Energy Information Administration.…