WorleyParsons awarded Tsagaan Suvarga Cu-Mo Concentrator ContractMar 23, 2012 Australian engineering services firm WorleyParsons has been awarded the engineering, procurement and construction management (EPCM) contract for the delivery of the Tsagaan Suvarga copper-molybdenum concentrator project for the Mongolyn Alt (MAK) Corp. MAK is the largest privately owned company in Mongolia and has significant interests in mining, construction materials, real estate, and other ...READ MORE |
Guildford Coal to Raise Around $26.5 MillionMar 19, 2012 Guildford Coal is taking advantage of the feelgood factor in the resources sector by seeking to raise around 25 million Australian dollars (US$26.5 million) through an issue of new equity, a person familiar with the matter told Deal Journal Australia. The Newcastle-based company, which earlier this year secured a mining license for its flagship South Gobi project in Mongolia and is also ...READ MORE |
Kincora Copper to acquire 100% of Golden Grouse LLCMar 19, 2012 Kincora Copper Limited announced that further to the letter of intent announced on January 16th 2012, it has reached an agreement with Forbes & Manhattan Inc, a Canadian merchant bank and Temujin Mining Corporation, a closely held private company to acquire 100% of the shares of Golden Grouse LLC, an indirect wholly owned subsidiary of Temujin. Golden Grouse is a Mongolian company that holds ...READ MORE |
Eumeralla Resources Chuluun Khoroot Tungsten set to list March 9Mar 2, 2012 Eumeralla Resources (ASX: EUM) is expected to hit the boards of the ASX on Friday March 9, with a focus on the acquisition and exploration of mining projects in Mongolia. The company offered 17.5 million shares at an issue price of A$0.20 per share to raise a minimum $3.5 million, with this offer closing today. Eumeralla already holds one granted minerals exploration licence in northeast ...READ MORE |
KM Continues to Deliver for VoyagerFeb 24, 2012 Exceptional drill results have continued from the KM Copper Porphyry Project (KM Project) with the second assay batch returned from the Aranjin Discovery. Aranjin is the third shallow hydrothermal breccia to be drilled, recently returning the following outstanding results of: 140 metres at 0.6% copper and 5.3 g/t silver from 4 metres (KMR015RCD), including: 62 metres at 0.9% copper ...READ MORE |
Undur Tolgoi Announces Commencement of Winter Work ProgramFeb 22, 2012 Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (CNSX: UTM) is pleased to announce the commencement of its winter work program as originally announced by the Company in its January 30, 2012 press release. On February 18, 2012, the exploration team led by our senior geologist arrived on site to initiate the work program. The team expects to deliver in excess of 1,500 ...READ MORE |
Mongolian Resource Corp to Commission Gold PlantFeb 21, 2012 Mongolian Resource Corporation (ASX: MUB) is expecting to begin the commissioning of a 100 tonne per day Stage I plant at its Blue Eyes Project in central north Mongolia. Stockpiles of gold ore will be treated at the plant as soon as Mongolian Resource receives Government approval of a Cyanide Licence. The company expects to begin treating the ore in early April 2012 when temperatures rise to ...READ MORE |
Coal Mongolia 2012 RecapFeb 16, 2012 Infrastructure was the word on everyone's tongue at the Coal Mongolia 2012 event last week in Ulaanbaatar. This year saw 1,703 participants from 250 companies from 25 countries at the annual event held to promote investment into Mongolia's coal sector, and encourage discussion and cooperation within the sector community. Highlights from government speakers include talks by Ch. ...READ MORE |
Australian miners test Mongolian frontierFeb 3, 2012 Mongolia is not being short-changed as foreign miners rush to take a slice of its enormous mineral wealth, Australian explorers operating in the vast Asian nation say. A report released this week by non-government organisations (NGOs) claimed that a surge in mine developments have pushed herders in the South Gobi region out of traditional camps, fragmented pasture land and put pressure on water ...READ MORE |
Meritus Reports up to 99% Gold Recovery in Tests from Gutain DavaaJan 30, 2012 Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V - MER) (the "Company") is pleased to advise of the receipt of results of a preliminary metallurgical test of selected surficial oxidized mineralization from the Toordogiin Shil Prospect at the Gutain Davaa Project, Mongolia. The results are very encouraging and indicate that fine grinding will fully liberate the very fine gold ...READ MORE |
Undur Tolgoi Minerals Inc. Announce Winter Work ProgramJan 30, 2012 Undur Tolgoi Minerals Inc. (“UTM” or the “Company”) (CNSX: UTM) is pleased to announce that its Board of Directors has reviewed and unanimously approved an exploration Program (the “Work Program”) for the Company’s Mongolian property. The Company’s wholly owned license (“Undur Tolgoi”) consists of approximately 9,260 hectares of land ...READ MORE |
Erdene Confirms Continued Widespread Gold Mineralization at Altan NarJan 26, 2012 Recent Drilling Identifies Near-Surface High Grade Zone and Confirms Expanded Gold Mineralization Erdene Resource Development Corp. ("Erdene" or "Company"), is pleased to announce receipt of final assay results from a 20-hole scout drill program at the Company's 100% owned Altan Nar (Golden Sun) property in southwest Mongolia. "Altan Nar has now demonstrated it ...READ MORE |
Rio Tinto Gains Majority Stake in Ivanhoe MinesJan 25, 2012 LONDON — The Anglo-Australian mining giant Rio Tinto said Tuesday that it now holds a majority stake in Ivanhoe Mines, further extending its control over immense Mongolian gold and copper deposits. Rio Tinto raised its stake in the Canadian mining group to 51 percent by purchasing an additional two percent of its outstanding shares, before “a very important phase in the development ...READ MORE |
Kincora Copper announces letter of intent to acquire new Mongolian propertyJan 16, 2012 Vancouver, Canada – January 16, 2012 – Kincora Copper Limited (TSX.V: KCC) (the “Company”) is pleased to announce that it has entered into a letter of intent with Forbes & Manhattan Inc. (“F & M”), a Canadian merchant bank, and Temujin Mining Corp. (“Temujin”), a closely held private company, whereby the Company would acquire from Temujin ...READ MORE |
Altan Rio Provides Drilling and Ownership Update on the Chandman Copper-Gold ProjectJan 13, 2012 Altan Rio Minerals Limited ("Altan Rio" or "The Company") is pleased to report that reconnaissance drilling has been completed at the KY porphyry intrusion and adjacent targets at the Chandman copper-gold Project ("Chandman"), part of the combined Chandman-Yol regional exploration project ("Chandman-Yol"), located in Khovd Aimag, western Mongolia. Altan Rio ...READ MORE |
Draig Resources Completes Public Offering Of Shares For $17.5 MillionJan 4, 2012 Draig Resources Ltd., a company engaged in developing highly prospective coal licences, completed the public offering of 34,000,000 shares at a price of AUD0.5 ($0.52) per share for gross proceeds of AUD17m ($17.5m). Draig Resources intends to use the proceeds from the offering to fund for acquiring eight highly prospective Mongolian coal licences through the acquisition of BDBL LLC. Source: ...READ MORE |
Mongolia: Shiny prospectsDec 21, 2011 Mongolia's metals and coal-related boom shows no sign of abating, with recent state figures confirming healthy growth across the economy. However, there continue to be concerns over a demand slump in China and the timing of a major mine listing. Data released by the National Statistics Office (NSO) in mid-November revealed that in the first 10 months of 2011 government revenues rose to ...READ MORE |
Mongolian Coal M&A Still Hot To Trot.Dec 19, 2011 The stampede of coal M&A isn’t slowing down in the land of Genghis Khan. After successful buyouts of Hunnu Coal and QGX’s coking coal assets over the past six months, the latest company with Mongolian coal deposits to move into the crosshairs of acquirers is Guildford Coal’s Terra Energy unit. Newcastle-based Guildford Coal originally planned to list Terra Energy, which is ...READ MORE |
Mongolian focussed "FeOre" Trades Above IPO on First DayDec 16, 2011 FeOre Trades Above IPO on First Day, Eyes First Rail Haulage of Mongolian Iron Ore Within Two Year FeOre (ASX: FEO), a Mongolia-focused iron ore explorer, has performed well in its first hour of public life on the ASX with shares changing hands above it’s A$0.25 IPO price. On a day when the Australian market is down 1.5% FeOre shares have traded up at $0.26, with about 873,000 ...READ MORE |
Mongolian Resource makes gold find at SujigteiDec 9, 2011 Mongolian Resource Corporation uncovered high-grade gold from its first nine holes drilled at its Sujigtei gold mine project. The mine was opened and mined to 180 meters between 1980 and 1991, but was suddenly closed when the Russians left Mongolia in 1991. Mongolian Resource is currently examining the remaining deposits and is planning to reach new depths. The mine's close proximity to the ...READ MORE |
Mongolia bids to keep city cool with 'ice shield' experimentNov 15, 2011 Geoengineering trial aims to 'store' winter temperatures in a giant block of ice that will cool and water Ulan Bator in summer Mongolia bids to keep city cool with 'ice shield' experimentGeoengineering trial aims to 'store' winter temperatures in a giant block of ice that will cool and water Ulan Bator in summer Ulan Bator, the capital of Mongolia. Scientists hope the ...READ MORE |
Bloomberg Announces Formation of Bloomberg TV MongoliaNov 1, 2011 Bloomberg Media Group today announced the formation of Bloomberg TV Mongolia, a new Bloomberg Television channel in partnership with The Trade & Development Bank of Mongolia (TDB), the oldest and one of the largest banks in Mongolia. Bloomberg TV Mongolia, scheduled to launch in March 2012, targets a fast-developing region in Asia, with one of the best-performing stock markets in the region ...READ MORE |
Standard Chartered Bank to open a representative office in UlaanbaatarMar 10, 2011 Standard Chartered Bank opened its official representative office in the heart of Mongolia. The rep office will be the extension of the marketing arm of the bank to promote the investment bank’s activities in Mongolia and bring the services closer to the country. The office located on the 13th floor of the Central Tower next to the main square.SCB is the second (after ING Bank) large ...READ MORE |
