Ulaanbaatar /MONTSAME/ The seventh annual “Mongolia Mining" international mining and oil exhibition will be taking place on April 5-7.
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.
Ulaanbaatar /MONTSAME/ A government working group and Erdenes Tavantolgoi JSC have negotiated with the operating TTJVCO company on coal price, and settled on commercializing a ton of coal from Tavantolgoi mine for USD 50, which is 80 percent or 1.8 times higher against the previous quarter.
Ulaanbaatar /MONTSAME/ Mongolia has come to be the sixth largest gold producer in the continent, preceded by the top producer China, and Indonesia, Uzbekistan, Kazakhstan and Phillipines. Mongolia produced 31.3 tons in 2015.
Ulaanbaatar /MONTSAME/ Bold Baatar was appointed on November 16 the CEO of the Rio Tinto’s Energy & Minerals Group. B.Bold has been working in Rio Tinto since 2013, holding positions of the President of International Operations of the Copper Group, the Director of Rio Tinto Marine and the Managing Director of Iron Ore Sales & Marketing of Rio Tinto Marine.