Author: Brian Langis

All Posts by Brian Langis

Rio, Mongolia Extend Oyu Tolgoi Funding as Talks Continue Reply

Mongolia News • Tags: , , ,

100281613-mining_dump_truck_gettyp.240x160
Reposted from Bloomberg Businessweek
By Yuriy Humber and Michael Kohn

Turquoise Hill Resources Ltd. (TRQ), the Rio Tinto Group unit in charge of the Oyu Tolgoi copper and gold project, said construction funding was extended while talks continue with Mongolia’s government to resolve disputes.

“The Oyu Tolgoi LLC board has approved continued funding to progress the project,” Vancouver-based Turquoise Hill said in a statement. “All parties have agreed to continue discussions during March 2013, with a goal of resolving the issues in the near term.” More…

Mongolia Pulls Entree Permit in Oyu Tolgoi Saying Invalid Reply

Mongolia News • Tags: , , ,

Entree
Reposted from Bloomberg
By Michael Kohn & Yuriy Humber

Mongolia annulled mining licenses held by Entree Gold Inc. (ETG) on land near Rio Tinto Group’s Oyu Tolgoi copper and gold project, saying they had been authorized incorrectly in 2009.

Entree Gold in 2009 upgraded its exploration permits to mining licenses, the mining ministry said yesterday in a statement on its website. More…

Rio Tinto Said Clash Mongolia Ahead of Meeting Reply

Mongolia News • Tags: , , ,

ieGo6O1WhdLM
Reposted from Bloomberg Businessweek
By Yuriy Humber and Elisabeth Behrmann

Rio Tinto Group’s crucial meeting with Mongolia tomorrow follows weeks of disputes over control of the world’s biggest copper and gold mine under construction, according to two people familiar with the situation.

Financing for the $6.6 billion Oyu Tolgoi mine runs out in three days and tomorrow’s talks to extend the funding come amid allegations of unpaid taxes, and frozen and then unfrozen bank accounts that raise doubts about the project’s future. More…

Mongolia to Begin Production at Giant Tavan Tolgoi Mine Reply

Mongolia News • Tags: , , ,

Tavan Tolgoi Coal Mine Mongolia
Reposted from Oilprice.com
By Charles Kennedy

Foreign coal mining companies have been given encouraging news as an announcement was made that Mongolia’s state run coal company will begin to produce coal from a block of the country’s giant Tavan Tolgoi mine. The new production from the mine may open up the way for foreign firms, such as Peabody Energy from the US and Shenhua Group of China, to become a part of the long-delayed 7.5 billion tonne project. More…

Schumpeter: A guide in Africa Reply

Africa News • Tags: , , , ,

Africa
Reposted from The Economist

Why investors in frontier markets need someone to show them around

CARDBOARD BOXES are not sexy. But they are useful: imagine trying to shift a lorryload of eggs from farm to shop without packaging. Because boxes make it easier to move things around, they allow shops to stock a wider variety of goods at lower prices. So to run a cardboard-box factory in Africa is to put more and better food on African plates. More…

Rio’s Mongolia Copper Dream Awakens 20-Year-Old Nightmare 1

Mongolia News • Tags: , , , , , ,

A worker looks out from operations along the blue conveyor belt that moves rock from the crusher to the concentrator area at the Oyu Tolgoi mine in the south Gobi desert. Mongolia’s Oyu Tolgoi, set to start production in July, has about 25 million metric tons of recoverable copper and an expected life of 50 years.

Mongolia’s Oyu Tolgoi, set to start production in July, has about 25 million metric tons of recoverable copper and an expected life of 50 years.


Reposted from Bloomberg
By Elisabeth Behrmann & Yuriy Humber

Rio Tinto Group (RIO)’s Mongolia copper and gold mine looks a dream location sitting next to China, the biggest market. Yet, Mongolia’s bid for more control of the project draws comparison with a Rio mine that went badly wrong. More…

People are a nation’s most precious resource 1

Mongolia News • Tags: , , , , , ,

1280-higher-education-2020
Reposted from The UB Post
By B.Khash-Erdene

The most precious resource of any country is not the mineral wealth beneath the earth, the vast size of its lands or a strong military force, but rather its people. After all, what is a nation but a collection of individuals? The quality of the individuals, the people, will determine the rate of a nation’s development and prosperity. More…

Delay in Oyu Tolgoi copper production will have severe macroeconomic effect Reply

Mongolia News • Tags: , , , , ,

IMG_1607-285x190
Reposted from The UB Post
By B. Byambadorj

At a press conference on Monday ‘The Report: Mongolia 2013’ was unveiled at the Kempinski Hotel Khan Palace.
The Report: Mongolia 2013 sheds light on Mongoia’s foreign investment laws that are causing current concerns. The Report also provides key information on the state of Mongolian infrastructure, capital and expertise to investors.
Regional Editor Paulius Kuncinas said that Mongoia’s exports of coal, copper and iron should rise on the back of a favorable global outlook for commodities. More…

Mongolia: Tackling retail rights Reply

Mongolia News • Tags: , , , ,

Mongolia-hi-res-232x190
Reposted from The UB Post
By Paulius Kuncinas, Regional Editor, Oxford Business Group

Efforts by Mongolia’s government to improve conditions for increasingly wealthy local consumers bode well for the fledgling retail industry. There are concerns, however, that watchdogs and legislation will not be able to keep pace with the rapid growth of the industry. More…

Legal Impasse Threaten Mongolia FDI Reply

Mongolia News • Tags: , , , , , ,

mongolia
Reposted from the International Financial Law Review
By Ashley Lee

Resource nationalism in Mongolia’s draft Minerals Law and the lack of action on the Strategic Entities Foreign Investment Law (SEFIL) are threatening the country’s investment environment.

Mongolia used to be an investor darling; a democracy located between China and Russia with enormous natural resources potential. But recent political developments and their subsequent legal implications have severely impacted sentiments. More…