Ulaanbaatar /MONTSAME/ In regard to his meeting with Prime Minister J.Erdenebat on January 20, Erdenes Tavan Tolgoi CEO D.Ariunbold briefed reporters on the company’s operations at Tavan Tolgoi deposit, one of the world’s largest coal fields.
Ulaanbaatar /MONTSAME/ On January 20, D.Ariunbold, CEO of Erdenes Tavan Tolgoi JSC, a subsidiary of state owned investment company Erdenes Mongol met with Prime Minister J.Erdenebat to brief on a recent coal trade.
Ulaanbaatar /MONTSAME/ Mongolian Government has now a debt of USD80 million unpaid from USD350 loan to the Aluminum Corporation of China Limited (Chalco).
Ulaanbaatar /MONTSAME/ Erdenes Tavan Tolgoi (Erdenes TT) has planned to sell a ton of coal for USD 59.3 at the East Tsankhi block of the Tavan Tolgoi deposits in the first quarter of 2017.
Ulaanbaatar /MONTSAME/ On the trading of January 4 at the Mongolian Stock Exchange, shares of three companies increased, namely, that of the Gobi JSC rose up by 3.12 percent, the Tavan Tolgoi JSC by 2.73 percent and APU JSC by 1.10 percent.
Ulaanbaatar /MONTSAME/ Actions regarding the relations of the mining industry and mineral resources were used to be regulated by Law on Mineral Resources. However, it is deemed that the latter law has been mostly associated with the relations connected to obtaining special licenses for exploration and their payment and fees. Therefore, the Ministry of Mining has begun formulating a bill on mining.
Ulaanbaatar /MONTSAME/ More than 20 mineral deposits were put into operation in the year of 2016, creating about 800 vacancies and over MNT 20 billion was invested in the mining industry of Mongolia, the Ministry of Mining and Heavy Industry reports.
Ulaanbaatar /MONTSAME/ Oyu Tolgoi LLC is scheduling to hold a Supplier’s Forum on January 31.
Ulaanbaatar /MONTSAME/ Oyu Tolgoi’s underground mine is expected to release the first production in mid-2020, and to begin stable operations in early 2021, announced Turquoise Hill Resource.
Ulaanbaatar /MONTSAME/ The Turquoise Hill Resource has announced that Oyu Tolgoi halted its copper concentrate shipments to China for an uncertain period of time starting from December 2.
Ulaanbaatar /MONTSAME/ Britain and Mongolia signed their first memorandum of understanding in the mining sector on Tuesday, pledging an exchange of technology and expertise, and deepening ties based on Rio Tinto's huge copper mine in the South Gobi desert.