Mining

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Petro Matad Swings To Interim Loss, Prepares To Drill Blocks IV And V 2017-09-04 11:15

Mongolian oil explorer Petro Matad Ltd said on last Friday it turned to an interim loss as it looked ahead to the drilling of blocks IV and V. The company reported a pretax loss of USD2.5 million for the six months to the end of June, from a profit of USD93,000 a year before. Petro Matad does not..

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Kincora Drilling Underway at Brownfield Open Pit Target in Mongolia 2017-09-01 17:44

Kincora Copper Ltd has announced that drilling is underway at its wholly owned East Tsagaan Suvarga (TS) copper porphyry target in the Southern Gobi, Mongolia.  According to the press release, the maiden reverse circulation and diamond drill program at the East TS target is comprised of appr..

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Copper Giant to invest in Mongolia 2017-08-16 10:03

In an interview Friday with Reuters, CEO Nelson Pizarro said that Codelco is “preparing” to invest in Mongolia copper projects. With Pizarro noting the country holds significant untapped potential for new developments. Pizarro further suggested that Codelco will be looking for develop..

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Coal Mongolia-2017 to be held 2017-08-11 11:41

The 7th “Coal Mongolia” conference and exhibition will be held in Shangri-La Hotel, Ulaanbaatar on 7-9  September, 2017 and the objectives have renewed to improve structure and conformity of coal export, trade, transportation, logistics and customs as well as to increase efficienc..

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Mongolia coal export trade up fourfold in H1 on North Korea ban 2017-08-03 16:24

Mongolia’s coal export trade grew more than fourfold in the first half of 2017, with the country benefiting from China’s ban on imports of the commodity from North Korea and curbs on deliveries into smaller ports.   Coal made up around half the country’s total export trade..

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Oyu Tolgoi Q2 update: US$77.8mn taxes paid; US$153mn national procurement spend; us$3.1mn in sustainable development projects in Umnugobi 2017-07-28 15:53

-Three millionth tonne of copper concentrate shipped -US$44mn procurement spend in Umnugobi   Oyu Tolgoi today released the latest edition of its scorecard updating its performance for the second quarter of 2017.   Oyu Tolgoi continues to work with safety as its core priority. The..

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Mongolia takes part in International training on natural resources management 2017-07-04 13:15

International training on natural resources management was launched at Khazar University in Azerbaijan organized by the Eurasia Knowledge Center, and the Natural Resource Governance Institute.   The experts from Azerbaijan, Ukraine, Kyrgyzstan, Kazakhstan, Tajikistan and Mongolia are taking..

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Rio Tinto starts new exploration in Mongolia's Gobi desert 2017-06-21 15:10

Anglo-Australian miner Rio Tinto has started new exploration work in Mongolia's Gobi desert after a gap of around five years, in a sign that Mongolia is having some success at bringing back foreign investors, the Reuters reported.    Cash-strapped Mongolia had turn to the International..