Reposted from !Yahoo Finance
By Digital Look
LONDON (ShareCast) – Disagreements between Rio Tinto (Xetra: 855018 – news) and the Mongolian government over the Oyu Tolgoi copper and gold mine will not halt a planned June start for commercial production, officials have stressed.
Rio Tinto and Mongolia have been tussling over the future of the world’s largest untapped copper deposits as the mine looks set to increase output. More…
Reposted from Stockhouse
By Leo Liu, MBA, CFA
It has the potential to become a major player in global commodity markets with its rich gold, copper, zinc, uranium, coal, molybdenum and oil reserves.
Mongolia, entirely flanked to the north and south by Russia and China, is the most sparsely populated country in the world. However, the country has vast natural resources with more than 6,000 known mineral deposits of 80 different minerals. More…
Reposted from Yahoo! News
By Michael Kohn | AFP News
Deep in the heart of the Gobi Desert in Mongolia amid a landscape of sand dunes and ice canyons, one of the world’s biggest copper mines is about to come on stream.
Anglo-Australian miner Rio Tinto and Canada’s Turquoise Hill Resources have jointly led construction of the $6.2 billion Oyu Tolgoi mine which is expected to produce 450,000 tonnes of copper concentrate a year at its peak. More…
Reposted from The UB Post
By B. Byambadorj
The rapid inflow of huge amounts of investment cash is forcefully dragging the small economy of Mongolia forward, despite numerous problems plaguing the Government and related crucial decision-making bodies. More…
Prospects: Life for foreign miners in Mongolia is not easy.
THEY lovingly call it Mine-golia, but the past fortnight has provided some timely reminders for mining companies that their rush towards developing nations is not without its perils. More…
Reposted from China Daily
ULAN BATOR — Chinese and Mongolian delegates inked a deal on Tuesday to further promote bilateral collaboration in the agricultural sector.
Under the agreement, signed after a meeting of the China-Mongolia Working Group on Agriculture Cooperation, More…
Reposted from Getty Images
KHANBOGD-SOUTH GOBI DESERT, MONGOLIA – OCTOBER 13: A worker puts a fresh coat of yellow paint on a new cafe that will open soon in a growing community surrounding the Oyu Tolgoi mine October 13, 2012 in Khanbogd, Mongolia. The population of Khanbogd has doubled in the last few years More…
Reposted from The New-York Times
By William Mcnamara
ULAN BATOR, Mongolia — Rio Tinto’s biggest new mining project is under threat after the government of Mongolia said it was considering whether to renegotiate an investment agreement involving the $6 billion Oyu Tolgoi copper mine. More…
Reposted from The UB Post
By B. ByambadorJ
Mongolia’s mining industry is—as it should be—tightly wrapped around the Government. Mining is now officially considered one of the ‘strategic’ industries in Mongolia. Yet, can Mongolia take the punch when investors begin doubting their stakes because of the obvious political risks? More…
Reposted from The UB Post
By B. Khash-Erdene
Turquoise Hill Resources, previously Ivanhoe Mines, opened the Oyu Tolgoi mine in 2001. The Rio Tinto Group joined in on the project in 2006. The three year anniversary of the establishment of investment agreement was held was on the 6th of this month and CEO and President of Oyu Tolgoi, Cameron McRae, released further information about the project. More…
